Amy Goodman
@DemocracyNow·3.2M subscribers·19.4K videos
Puerto Rico: Vulture Funds to Make a Killing as Judge Approves Deal to Restructure Island’s Debt
Posted
February 6, 2019
Views
7,737
Likes
148
Comments
39
Engagement
February 6, 2019
7,737
148
39
2.42%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
See what was published immediately before and after this episode.
5:25Now PlayingA federal judge has approved a plan for Puerto Rico to restructure a portion of its debt which would require Puerto Rico to pay $32 billion over 40 years. Critics say the deal will allow vulture funds to make huge profits by buying up those debts. Several of those vulture funds include public employee pension funds and the investment funds of Harvard, Princeton and Yale. Judge Laura Taylor Swain, who held a hearing on the proposed deal last month, echoed critics’ concerns about Puerto Rico’s ability to make the payments and the likely effects on public services. However, she said in her decision, “[T]he Court is not free to impose its own view of what the optimal resolution of the dispute could have been.”
Democracy Now! is an independent global news hour that airs weekdays on nearly 1,400 TV and radio stations Monday through Friday. Watch our livestream 89AM ET
Please consider supporting independent media by making a donation to Democracy Now! today
FOLLOW DEMOCRACY NOW! ONLINE:
Daily Email
Stitcher Radio
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
