about which banks are involved in puerto rico and what real role they are playing now here discuss we're joined by kate long the founder of the puerto rico clearing house kate thank you so much for joining us put this into perspective for us first of all the overall puerto rican debt and then let's talk specifically about prepaid please share puerto rico has issued basically since the one nine hundred fifty s. and when they started to fall tienen twenty fifteen they had about seventy two billion dollars of debt outstanding. that includes seventeen classes of debt for the central government and for the utilities it's the largest municipal bankruptcy probably in the history of the united states and no state level entity has to fall today and since one thousand thirty's when arkansas defaulted on debt they just him from the local communities. what was the problem i mean was it poor management at the electric power company there or there is something else going on just too expensive to provide power. well that's a lot of things part so proper is the largest publicly owned utility in the united states it has the poorest safety record in the united states pr

about which banks are involved in puerto rico and what real role they are playing now here discussed we're joined by kate long the founder of the puerto rico clearing house kate thank you so much for joining us put this into perspective for us first of all the overall puerto rican debt and then let's talk specifically about prepaid please share puerto rico has issued basically since the one nine hundred fifty s. and when they started to fall tienen twenty fifteen they had about seventy two billion dollars of debt outstanding. that includes seventeen classes of debt for the central government and for the utilities it's the largest municipal bankruptcy probably in the history of the united states and no state level entity has to file today since one thousand thirty's when arkansas defaulted on debt they just him from the local communities there so what was the problem i mean was it poor management at the electric power company there or there is something else going on just too expensive to provide power. well that's a lot of things part so proper is the largest publicly owned utility in the united states has the poorest safety record in the united states p

about which banks are involved in puerto rico and what real role they are playing now here's discuss we're joined by kate long the founder of the puerto rico clearing house kate thank you so much for joining us put this into perspective for us first of all the overall puerto rican debt and then let's talk specifically about prepaid please. sure puerto rico has issued basically since the one nine hundred fifty s. and when they started to fall tina twenty fifteen they had about seventy two billion dollars of debt outstanding. that includes seventeen classes of debt for the central government and for the utilities it's the largest municipal bankruptcy probably in the history of the united states and no state level entity has to fall today since in one nine hundred thirty s. when arkansas defaulted on debt there just came from the local communities. and what was the problem i mean was it poor management the electric power company there are or are there is something else going on just too expensive to provide power. well that's a lot of things part so proper is the largest publicly owned utility in the united states it has the poorest safety record in the uni