Fed Intervention In Puerto Rico Debt Crisis A Possibility

Puerto Rico’s bankruptcy problem won’t go away and it is most assuredly a losing proposition for any political organization that takes up the problem. Both the White House and Congress are deferring action on the matter amid heavy pressure from financial interests, according to a source close to the situation. But where political leaders won’t go to solve a delicate problem could be where the U.S. Federal Reserve steps in to prevent a growing crisis. Debt crisis in Puerto Rico could result in exodus, financial disarray The problem with helping Puerto Rico with its $72 billion debt crisis, is that officials…