Even after a “haircut” on COFINA bonds, Wall Street vulture funds and their army of lawyers and lobbyists stand to make hundreds of millions of dollars through Puerto Rico’s debt restructuring.
Series: The COFINA Agreement
The COFINA Agreement, Part 1: The First 40 Year Plan
Puerto Rico’s COFINA debt is being restructured, and Wall Street bondholders stand to rake in billions from the deal. (This is part one of a two-part series on the debt restructuring deal).