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I believe we should allow Puerto Rico to declare bankruptcy. Let those who made the risky loans take the loss, I am tired of banks privatizing profits and socializing their losses. No bailout, just bankruptcy.
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SSG (Join to see)
It's what should happen, however I don't believe the Banks will ever allow it to happen.
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I do. Not only because they are essentially Americans, but because of the sacrifices made by Puerto Rican service members over the decades. And, if we're going to look at it from a strictly mercenary point of view, by lending financial support to Puerto Rico we would be prohibiting the PRC from doing the same, especially when we consider how the PRC has been doing just that in Central and South America.
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CW3 (Join to see)
"Essentially? The hell is that supposed mean? Last I checked I've been a citizen since birth.
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Nicholas Efstathiou
No offense was meant, sir. I honestly didn't know Puerto Rican citizens were American citizens. I just looked it up. Again, my apologies.
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SGT (Join to see) I am from Puerto Rico and I am not even sure either way. On one side if the government cuts benefits and services, it will be the people that suffer not the elite. On the other hand, if the US bails out the government without any conditions or safeguards, we will probably see the same situation in 10-20 years. I really hope regardless of bailout or not, that some financial and political reforms get enacted so this does not happen again.
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