By Alan Yuhas
July 25, 2015

The Guardian (UK)

Caught between the demands of billionaires, pro-bankruptcy activists and more than three million people plagued by unemployment, poverty and government debt, who would you choose? As Puerto Rico confronts the quagmire of its $72bn financial crisis, it has come up with an answer: humouring a few very wealthy people.

The island has for three years courted some of Wall Street's richest citizens, from solitary investors to hedge fund elites. Last year it sold at auction hundreds of millions of its debt to various funds, displeasing many who believe the "vulture funds" only want aRead More... (http://mltoday.com/austerity-for-residents-but-tax-breaks-for-hedge-funds)
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