BRAVO to the HEDGE CLIPPERS !!
This is one of the most comprehensive and complete analysis of the reasons for the Economic Crisis in Puerto Rico. We have been informing the people of Puerto Rico and fighting against this since the 90's without the support of local political leaders or parties, and against the wrath and persecution of the wealthy economic local establishment.MJR
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THE PIRATES OF THE CARIBBEAN
by THE HEDGE CLIPPERSDec 13, 2016
WHO ARE THE HEDGECLIPPERS?
"The Hedge Clippers are working to expose the mechanisms hedge funds and billionaires use to influence government and politics in order to expand their wealth, influence and power. We're exposing the collateral damage billionaire-driven politics inflicts on our communities, our climate, our economy and our democracy. We're calling out the politicians that do the dirty work billionaires demand, and we're calling on all Americans to stand up for a government and an economy that works for all of us, not just the wealthy and well-connected."
HOW SANTANDER’S REVOLVING DOOR WITH PUERTO RICO’S DEVELOPMENT BANK EXACERBATED A FISCAL CATASTROPHE FOR THE PUERTO RICAN PEOPLE
Former Santander executives José Ramon Gonzalez and Carlos M. Garcia served as heads of Puerto Rico’s Government Development Bank (GDB) and Santander[1] in Puerto Rico. Garcia and Gonzalez were recently appointed to 2 of the seven seats of the PROMESA Fiscal Control Board. Together, these men built Santander Securities, the bank’s municipal bond business, which established itself as a leading bond underwriter coinciding with the growth in Puerto Rican public debt. This business brought in substantial fee income for the bank.
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