[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
http://www.latinorebels.com/2018/05/22/these-are-the-companies-profiting-off-puerto-rico-after-hurricane-maria-report-says/
These Are the Companies Profiting Off Puerto Rico After Hurricane María
May 22, 2018
<http://www.latinorebels.com/2018/05/22/these-are-the-companies-profiting-off-puerto-rico-after-hurricane-maria-report-says/>by
Amanda Alcantara <http://www.latinorebels.com/author/aalcantara/>
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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
* AECOM
* 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:
http://www.latinorebels.com/2018/05/22/these-are-the-companies-profiting-off-puerto-rico-after-hurricane-maria-report-says/
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