Puerto Rico Debt Crisis: Richard Carrion Is a Problematic Witness Sitting Alongside Governor Garcia Padilla
At today's Senate Judiciary Committee hearing on Puerto Rico's fiscal situation, Governor Alejandro Garcia Padilla will likely face tough questioning from Senators displeased with his handling of the island’s economy. Sitting alongside Gov. Garcia Padilla to face those questions will be a close friend from the Commonwealth’s financial sector: Banco Popular Chairman and CEO Richard Carrion.
Carrion, whose bank is no stranger to asking for federal assistance - it received almost $1 billion in TARP funding from the Treasury (which it did not repay until July 2014) - is a longtime Garcia Padilla supporter who continues to maintain a close relationship with the Puerto Rican government. Additionally, Banco Popular's General Counsel Javier Ferrer is the former GDB President under Gov…[more]
Storm trooper tactics by bands of college students making ideological demands across the country, and immediate preemptive surrender by college administrators — such as at the University of Missouri recently — bring back memories of the 1960s, for those of us old enough to remember what it was like being there, and seeing first-hand how painful events unfolded.
At Harvard, back in 1969, students seized control of the administration building and began releasing to the media information from confidential personnel files of professors. But, when university president Nathan Pusey called…
"Congress recently forbade President Obama from bringing Guantanamo inmates to the United States, or even preparing a place in the U.S. to which the terrorist prisoners might someday be transferred. The specific action Congress took was to renew earlier bans on the president spending any appropriated funds for those purposes. Republicans and Democrats spoke in a strong and unified voice; 370 members…[more]