George Pataki Says Puerto Rico Can Pay Its Debts

The video discusses the financial challenges faced by Puerto Rico, focusing on the concerns of bondholders who feel shortchanged. Despite Puerto Rico's fiscal ability to pay its debts, the presence of a Control Board appointed by the Obama administration has complicated financial agreements. The video highlights the impact of unpaid debts on credit markets and the ongoing bankruptcy situation, where legal obligations are not being met, leading to financial instability and legal disputes.

What was the outcome of the agreement between the Commonwealth's elected governor and the Geo bondholders?

Discuss the impact of the Control Board's decisions on the bondholders and the legal implications of constitutionally guaranteed debt.