Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
"Pirates of the Caribbean": Bankers Who Created Puerto Rico's Debt Crisis Now In Charge of Fixing It
Posted
December 16, 2016
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December 16, 2016
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7:32Now PlayingWe turn now to "Pirates of the Caribbean." That’s the name of a shocking new report on how the Santander Bank’s revolving door with Puerto Rico’s Government Development Bank exacerbated a fiscal catastrophe for the Puerto Rican people. Released by Hedge Clippers, the report reveals how two top appointees to the federal board overseeing Puerto Rico’s financial restructuring actually helped create the Puerto Rico debt crisis they are now in charge of fixing. The two appointees are former Santander Bank executives José Ramón González and Carlos M. García. For more, we go to Washington, D.C., where we’re joined by Teresa Casertano, global campaigns organizing coordinator with Communications Workers of America, or CWA. She’s also one of the managers of the Santander Bank organizing campaign.
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