Puerto Rico’s $70 billion debt will have to be wiped out, Trump says

(Worthy News) – President Trump has called for Puerto Rico to have its crippling debt forgiven and said it’s tough luck for the Wall Street holders of the debt.

“They owe a lot of money to your friends on Wall Street and we’re going to have to wipe that out,” Mr. Trump told Fox News Channel’s Geraldo Rivera in an interview Tuesday.

“You’re going to say goodbye to that, I don’t know if it’s Goldman Sachs but whoever it is you can wave goodbye to that,” he said, addressing the parties that hold the island, a U.S. commonwealth, in arrears to the count of more than $70 billion. [ Source: Washington Times (Read More…) ]

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