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.
Many people may share Senator Bernie Sanders' complaint that he was tired of hearing about Hillary Clinton's e-mails. But the controversy is about issues far bigger than e-mails.
One issue is the utter disaster created by the Obama administration's foreign policy in Libya, carried out by Hillary Clinton as Secretary of State.
An even bigger issue is whether high officials of government can ignore the law and refuse to produce evidence when it is subpoenaed. If they can, then the whole separation of powers — the checks and balances in the Constitution — gives way to arbitrary government…
"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]