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Puerto Rico Debt Holders Respond to Catastrophic Hurricane by Offering Puerto Rico More Debt

Photo: Joe Raedle/Getty Images PUERTO RICAN DEBT HOLDERS RESPOND TO CATASTROPHIC HURRICANE BY OFFERING PUERTO RICO MORE DEBT PUERTO RICO, FACING absolute devastation after Hurricane Maria barreled through last week, desperately needs immediate funding to restore critical infrastructure, particularly its hobbled electric grid. The entire island — home to over 3.5 million American citizens, roughly […]

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Bondholders Stunned As Puerto Rico Finds $4.4 Billion In Outstanding Debt “Unconstitutional”

Bondholders Stunned As Puerto Rico Finds $4.4 Billion In Outstanding Debt “Unconstitutional” After Puerto Rico defaulted on its $422 million debt payment in May, governor Padilla begged congress to step in and help out, which happened shortly thereafter when a House committee cleared legislation that provided Puerto Rico with a way forward on restructuring its debt. As it […]

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Canada’s Financial Sector just Crapped on its Bondholders, Hoping They Don’t Care

Canada’s Financial Sector just Crapped on its Bondholders, Hoping They Don’t Care To heck with the dreams of its bondholders. Great-West Lifeco, a Canadian financial services conglomerate which operates subsidiaries in Canada, the US, Europe, and Asia – including Putnam Investments in the US – and with over $1 trillion in consolidated assets under management, […]

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Bank Bail Ins Begin as EU Bank “Bailed In” In Austria

Bank Bail Ins Begin as EU Bank “Bailed In” In Austria Bank bail ins in the EU are here after Austria’s financial markets regulator FMA imposed a hefty haircut on creditors in an Austrian bank. Creditors in the bank Heta Asset Resolution will receive less than half of their money back according to the country’s financial regulator, […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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