Trump and his private equity crew will prefer the PPP institutional form going to their playbook for reconstruction finance over the Wall St. general obligation sovereign securities issuance form.
They will not bail out the bondholders both to trash the appearance of their non-preferred institutional arrangements and to screw Wall St.
Mulvaney says no bailout for Puerto Rico bondholders https://t.co/6h2nPWKacX pic.twitter.com/XQGU8eCfqN
— Bloomberg (@business) October 4, 2017
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And they have to allow Puerto Rico to declare bankruptcy - and not further austerity for Puerto Rico. Further the Federal Government has to spend heavily in Puerto Rico
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