[News] These Are the Companies Profiting Off Puerto Rico After Hurricane María

Anti-Imperialist News news at freedomarchives.org
Tue May 22 17:51:17 EDT 2018


  These Are the Companies Profiting Off Puerto Rico After Hurricane María

May 22, 2018 
Amanda Alcantara <http://www.latinorebels.com/author/aalcantara/>

Firms like Tilden Park Capital, Citigroup, Santander Bank, and others 
are profiting from Puerto Rico’s Hurricane María relief efforts as well 
as from austerity measures, according to a new report by Hedge Clippers 
<http://hedgeclippers.org/>, a coalition described as “whistleblowers of 
the working class.”

The report titled, “Pain and Profit After Maria: Companies Taking Puerto 
Rico by $torm,” states: “these investors continue to be the main 
beneficiaries of fiscal policies pushed by Puerto Rico’s Governor 
Ricardo Rosselló and by the unelected federal Fiscal Control Board.”

The companies listed in the report are:

  * Tilden Park Capital
  * Oaktree Capital Management
  * Autonomy Capital
  * Baupost Group
  * GoldenTree Asset Management
  * Paulson & Co.
  * TPG
  * Blackstone
  * Citigroup
  * Santander Bank
  * Adjusters International

Of these, two firms stand out: Tilden Park Capital and Golden Tree Asset 
Management. According to the report, both went on a “bond shopping 
spree” after Hurricane María.

“Firms like Citi Group responsible in part for originating the debt 
crisis are now advising the fiscal control board on privatization 
efforts of PREPA [Puerto Rico Electric Power Company],” the report states.

You can read the entire report, which was released Tuesday, here: 

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