Detailed text transcripts for TV channel - FOXNEWS - 20171004:15:55:00
Puerto rico's massive debt will have to be wiped out to help it recover from extensive damage. puerto rico's bonds plunging on the president's comments. mike tobin is live in san juan with more. mike. >> well, melissa, a lot of what the president said yesterday sent ripples across puerto rico. initially the filing looked like $73 billion but when you look at the power to issue debt or bonds you talk about a figure upward of $120 billion. the president told geraldo that goldman sachs or whoever would take a hit. the reality is your debt and bond holders that have puerto rico municipal bonds are...
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