Elizabeth Warren And Bernie Sanders Embarrass Hapless Vulture Fund Investors
Elizabeth Warren And Bernie Sanders Embarrass Hapless Vulture Fund Investors
Zach Carter
Huffington Post
Sens. Elizabeth Warren (D-Mass.) and Bernie Sanders (I-Vt.) called on the federal government Thursday to curb the ongoing humanitarian crisis in Puerto Rico by cracking down on vulture fund investors.
"Wall Street should not be believing that they can get blood from a stone," Sanders said. "When people are suffering and hurting, you cannot continue to squeeze them."
"They want Puerto Rico to raise taxes, cut health care, fire teachers, cut pensions, sell off $4 billion worth of government buildings, privatize public ports, close neighborhood schools and cut support for the University of Puerto Rico, all so these vulture funds can squeeze out more profit," Warren noted.
"They are receiving 11 percent [interest rates] and children in Puerto Rico are going hungry -- somehow that equation does not make a lot of sense to me," Sanders said. "They made risky investments. And when you make a risky investment you should not expect to get 100% percent back on your dollar."
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