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.
It's never enough. American taxpayers have surrendered billions and billions and billions of dollars to the social-justice-spender-in-chief. But it's never, ever enough.
The latest paroxysm of urban violence, looting, and recriminations in Baltimore prompted President Obama on Tuesday to trot out his frayed Blame The Callous, Tight-Fisted Republicans card. After dispensing with an obligatory wrist-slap of toilet paper-and Oreo-filching "protesters" who are burning Charm City to the ground (he hurriedly changed it to "criminals and thugs" mid-word), the 2009 Nobel Peace Prize…
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