Join CFIF Corporate Counsel and Senior Vice President Renee Giachino today from 4:00 p.m. CDT to 6:00…
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This Week's "Your Turn" Radio Show Lineup

Join CFIF Corporate Counsel and Senior Vice President Renee Giachino today from 4:00 p.m. CDT to 6:00 p.m. CDT (that’s 5:00 p.m. to 7:00 p.m. EDT) on Northwest Florida’s 1330 AM WEBY, as she hosts her radio show, “Your Turn: Meeting Nonsense with Commonsense.”

Today’s guest lineup includes:

4:00 CDT/5:00 pm EDT: Lance Izumi, J.D., Koret Senior Fellow and Senior Director of the Center for Education at the Pacific Research Institute: Education Update and Reforms;

4:30 CDT/5:30 pm EDT: Alex Pfeiffer, Young Apprentice Reporter at The Daily Caller: DNC's Leaked Emails;

5:00 CDT/6:00 pm EDT: Blake Barclay, Blogger, Political Correspondent, and High School Student: RNC 2016 as viewed by a member of the iGeneration; and

5:30 CDT/6:30 pm EDT: Open Mic

Listen live on the…[more]

July 25, 2016 • 03:49 pm

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Press Releases
PROMESA “Super Chapter 9” is Still a Bailout on the Backs of Bondholders Across America Print E-mail
Friday, April 15 2016

WASHINGTON, D.C. – In response to reported attempts by Congressional leadership to mislead House Republicans into thinking that "fixing" the PROMESA bailout legislation currently under consideration by the House Committee on Natural Resources by simply adding language that "guards" against the immediate use of taxpayer rescue funds in Puerto Rico, the Center for Individual Freedom (CFIF) released the following statement:

 
"Members of Congress should not be fooled by leadership’s attempts to persuade them that this bill is not still a bailout. As has been clear since the beginning, this bill is a bailout of Puerto Rico’s government pension system on the backs of the life savings of Puerto Rico bondholders across America," said CFIF Senior Vice President of Legal and Public Affairs Timothy Lee. "Members should also not be fooled - certain hedge funds, who stand to benefit greatly from an undermining of Puerto Rico’s Constitution, have thrown their support behind this measure, which will do absolutely nothing to diminish the glaring defects of this overall bill.

"Simply put, any legislative solution that Congress comes up with must respect the clear-cut laws with which Puerto Rico’s bondholders were sold their bonds and uphold the debt hierarchy laid out in Puerto Rico’s constitution."
 
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