Baupost Q2 Letter

Klarman Ends Up In Odd Alliance with Puerto Rican Debt Forgiveness Advocates

Here is what is missing from the latest coverage on Klarman's letter regarding COFINA debt.

When Congress agreed on bi-partisan legislation regarding Puerto Rico’s debt load, first noted by ValueWalk April 15, 2016, the agreement acknowledged the unsustainability of the debt load. In crafting legislation at the time, lawmakers didn't realize that Hurricane Maria, packing what could be a $40 billion to $85 billion punch, was on the way. But in case of such disasters, there wereexclusively for paying members. Access all of our content on including years of timeless investment news and in depth analysis for only a few dollars a month by signing up here while also supporting quality content and journalism, or learn more about our premium content here

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