Dan Fuss Says Bondholders Need to Get Real on Puerto Rico

Dan Fuss discusses Loomis Sayles' exposure to Puerto Rican debt amidst economic challenges and disasters. He emphasizes the need for economic strength and stable jobs in Puerto Rico, highlighting historical assumptions about US support. The discussion compares Puerto Rico's situation to Greece's financial crisis, suggesting a potential 'haircut' for bondholders. Political will and economic solutions are deemed crucial for recovery, with a focus on the reality of the situation and the obligation to help Puerto Rico as US citizens.

What is Dan Fuss's role at Loomis Sayles?

What are the current economic challenges faced by Puerto Rico according to Dan Fuss?

How does Dan Fuss describe the situation of bondholders in relation to Puerto Rico's debt?

What does Dan Fuss suggest is necessary for Puerto Rico to regain economic strength?

What historical assumptions did bondholders make when lending money to Puerto Rico?

What comparison does Dan Fuss make between Puerto Rico's situation and Greece?

What is the significance of the President's statements regarding Puerto Rico's debt?