The Governor of Puerto Rico, Alejandro Garcia Padilla, is warning that Puerto Rico won't be able to pay its $72 billion public debt. There have been international economists who recently released a critical report on the Puerto Rican economy. Puerto Rican bonds were very popular with investors because they were tax-free, but hedge funds and […]

The struggling Puerto Rican municipal bond market is forcing the Financial Industry Regulatory Authority Inc. (FINRA) to hire more arbitrators in Puerto Rico, after they were swamped with over 200 investor lawsuits. After Detroit filed bankruptcy last summer, Puerto Rico's municipal bond market has been struggling. Investors are afraid of Puerto Rico's municipal debt of […]