Our 51st State is up to it's eyeballs in hock. Despite having sun, fun, latin culture and great beaches, the "Island " is in dire need of a cash infusion. Reports indicate that a group led by Morgan Stanley, may be loaning P.R. $2 billion to stay afloat , at an inflated interest rate of 10%. Wowee!
Hey, you gotta do what you gotta do...Remember, they may be too big to fail.
Seriously, if they do the deal, I hope they don't default. Our 51st state may wind up being called "Morgan-Stanleyville"!
Buena suerte!
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