Why Did Rubio Back Off Giving Puerto Rico Fair Access To Chapter 9 Bankruptcy?

December 21, 2015

The New York Times this weekend reported on the billion-dollar hedge fund and Koch brothers-led lobbying campaign to prevent Puerto Rico from receiving fair access to Chapter 9 bankruptcy. Included in the story was a detail on Marco Rubio’s abandonment of legislation that would’ve given Puerto Rico fair treatment under the law — by the sound of it, he just walked away.

Rubio came out publicly against fair access for Puerto Rico back in September, but this weekend’s Times story got the Tampa Bay Times — and us — wondering: “Why did Marco Rubio back away from the bill to help Puerto Rico?

It’s safe to say that his hedge fund backers and Charles and David Koch have something to do with it.

Read more Here

Paid for by American Bridge 21st Century Foundation