Protestors target hedge fund holding Puerto Rico debt

Protestors carrying a vulture puppet and chanting in Spanish marched outside the Park Avenue offices of a major holder of Puerto Rico’s debt on Thursday to protest proposed austerity measures.

The approximately 45 protestors from Hispanic community organizations slammed BlueMountain Capital Management, which holds Puerto Rico Electric Power Authority (PREPA) debt. They characterized the hedge fund as a vulture attacking the economically battered island.

The U.S. commonwealth is wrestling with $72 billion in debt. It is expected to default on some of it within the next few days.

Read on.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s