Sunday , February 23 2025
Home / Mike Norman Economics / Mulvaney: No bailout for Puerto Rico bondholders

Mulvaney: No bailout for Puerto Rico bondholders

Summary:
Trump and his private equity crew will prefer the PPP institutional form going to their playbook for reconstruction finance over the Wall St. general obligation sovereign securities issuance form.They will not bail out the bondholders both to trash the appearance of their non-preferred institutional arrangements and to screw Wall St.Mulvaney says no bailout for Puerto Rico bondholders https://t.co/6h2nPWKacX pic.twitter.com/XQGU8eCfqN— Bloomberg (@business) October 4, 2017

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

New Economics Foundation writes Is the Labour government delivering on its promises?

John Quiggin writes Dispensing with the US-centric financial system

New Economics Foundation writes Whose growth is it anyway?

Matias Vernengo writes What is heterodox economics?


Trump and his private equity crew will prefer the PPP institutional form going to their playbook for reconstruction finance over the Wall St. general obligation sovereign securities issuance form.

They will not bail out the bondholders both to trash the appearance of their non-preferred institutional arrangements and to screw Wall St.

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *