Democracy Now
As Puerto Rico Faces $95 Billion Cleanup, Exposé Reveals Vulture Firms Who Own Its $74 Billion Debt
One month after Hurricane Maria devastated Puerto Rico, a major new investigation examines the looming question of what will happen to the island’s $74 billion debt as it faces an estimated $95 billion in storm-related damage. We speak with reporters at the Center for Investigative Journalism and In These Times who spent five months digging through court filings and documents from financial firms and much more in order to put together the most up-to-date list of 10 of the largest financial firms that are now scrambling to get billions out of the bankrupt island as it tries to rebuild. Several of the funds were complicit in past financial crises in other parts of the world.
