They're not vultures - Puerto Rico's govt has just been budgeting like Greece for decades and thinks it's ok to pay out to their nigh-bankrupt govt programs instead of paying their bondholders first.
Hint: That's not how it works. You pay your bondholders first, and cut your bloated budget to do it.
[–] daskapitalist 0 points 1 point 1 point (+1|-0) ago
They're not vultures - Puerto Rico's govt has just been budgeting like Greece for decades and thinks it's ok to pay out to their nigh-bankrupt govt programs instead of paying their bondholders first.
Hint: That's not how it works. You pay your bondholders first, and cut your bloated budget to do it.
[–] klobos ago
Agreed. Wouldn't this submission title be considered breaking rule 2.