This isn’t Sanders or Ocasio Cortez’s first foray into Puerto Rico issues. Sanders has introduced a “Marshall Plan” for Puerto Rico’s recovery. And Ocasio-Cortez has called for a full audit and cancellation of the debt, as well as the abolition of the junta.
Congressional intervention has been meaningful in the past. This past winter, after years of pressure from activists, the board took a half-measure in the direction of its demands, declaring $6 billion in bonds illegal. But months went by without any corresponding action penalizing the banks involved. After members of Congress sent the board a letter, a series of lawsuits were filed.
Read More on The Intercept
Do you like this post?