Late last year, we posed several questions to Banco Popular President and CEO Richard Carrion, in conjunction…
CFIF on Twitter CFIF on YouTube
Puerto Rico: Lingering Questions for Banco Popular’s Richard Carrion

Late last year, we posed several questions to Banco Popular President and CEO Richard Carrion, in conjunction with his appearance as a witness during a Congressional hearing on Puerto Rico’s public debt.

Our questions centered mainly upon his recent emergence as a staunch advocate of a unilateral restructuring of Puerto Rico’s debt, a bizarrely anti-lender stance for the head of the  Island’s largest bank.  Among our questions, we asked how Carrion’s bank had avoided the severe exposure to Puerto Rican debt experienced by the Island’s other lenders and citizens, and why Popular – a private sector leader by any definition – has been so reluctant to align with other private sector actors in negotiating a consensual debt solution between Puerto Rico and its lenders.

Needless…[more]

February 09, 2016 • 09:53 pm

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Jester's CourtroomLegal tales stranger than stranger than fiction: Ridiculous and sometimes funny lawsuits plaguing our courts.
'Messing With the Constitution'
By Thomas Sowell
Tuesday, January 12 2016
In recent years, a small but growing number of people have advocated a convention of states to propose amendments to the Constitution of the United States. The reaction to the proposal has been hostile, out of all proportion to either the originality or the danger of such a convention. The political left has been especially vehement in its denunciations of what they call "messing with the Constitution." A recent proposal by Governor Greg Abbott of Texas to hold a Constitutional convention of states has been denounced by the Texas branch of the American Civil Liberties Union and nationally…
 
Obama's Legacy Is Executive Abuse
Over the winter break, I finally got around to binge-watching "Parks and Recreation." In case…
Read more...
New Poll Underscores the “Political Science” of Climate Change
The climate is changing. It’s true. Earth’s climate has always changed and global warming…
Read more...
 
The Danger of a 'Right' to Live on the Streets
Across the United States, temperatures are plunging, making it deadly for the homeless who refuse to…
Read more...
New Court Defeat for Obama Means Win for Redskins, Free Speech and Intellectual Property Rights
Whatever the Washington Redskins' fortunes in the NFL playoffs that kick off this week, they've already…
Read more...
 
Inside the Garden of Political Town Hall Plants
On Thursday, CNN will host a town hall with President Obama as part of his "final-year push to make…
Read more...
Showman-in-Chief
Those who have been marveling at Donald Trump's political showmanship were given a reminder of who is…
Read more...
 
Remembering 2015
How shall we remember 2015? Or shall we try to forget it? It is always hard to know when a turning point…
Read more...
The Busybody Left
The political left has been trying to run other people's lives for centuries. So we should not be surprised…
Read more...
 
Every Student Succeeds Act
No Child Left Behind is history. Earlier this month, Congress overwhelmingly passed the Every Student…
Read more...
CFIF Christmas Quiz
Take our 12-Question Christmas Quiz and test your knowledge of Christmas-related Americana. (Answer…
Read more...
Question of the Week   
The tradition of New Hampshire’s first-in-the-nation primary began in which one of the following years?
More Questions
Quote of the Day   
 
"The Supreme Court halted the EPA's major anti-global warming initiative late Tuesday evening, dealing a major blow to President Obama's hopes of overseeing a green energy transition in his final year in office. The 5-4 decision by the court puts the Environmental Protection Agency's regulation on hold while a lower appeals court hears states' challenge to the rules. More than two dozen states sued…[more]
 
 
—Stephen Dinan, Washington Times
— Stephen Dinan, Washington Times
 
Liberty Poll   

Of the 8 remaining Republican presidential candidates, which one is your current choice for the nomination?