Form 944 Pr Rico 2011-2023

Corporate media such as NBC CBS and ABC is focused on the fact that Puerto Rico is now experiencing a seventy billion dollar debt crisis what they spend far less time talking about is the fact that America's wall street was the major engine for that 72 built instead of seventy billion economic burned down and they failed to mention the way that you that that affects US taxpayers here directly and indirectly responsible for having to pay for that cleanup it's another wall street catastrophic disaster right upon us it's not complicated securities firms like Sampson there which is the 20th largest bank in the world joined with Wall Street's and knowingly and intentionally pull off massive fraud by selling their worthless junk bond inventory on the open market to mom-and-pop investors all over the island sometimes they're absolutely knew that they were holding high risk junk bonds that they needed to get rid of in order to maximize their personal profits and save the company from massive losses that's what it was about and what that company did down in Puerto Rico affects US investors in a very real way because all securities and bonds connected with Puerto Rico are going to be affected by all of the islands defaults already the islands credit rating has been reduced to what they call junk on the open market and what these bankers did was place Puerto Rico in their economy into one of the worst recessions in its history in fact as of today the poverty rate as a result of unemployment rising debt has created a poverty economy that's actually doubled that of Mississippi is Puerto Rico plummeted into this economic abyss if issuance of municipal debt skyrocketed global banks such as Citigroup Goldman Sachs and Merrill Lynch...