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What? (Puerto Rico Edition)

posted by Stephen Lubben

So former Senator Judd Gregg has an op-ed in The Hill opposing the administration's plan for a territorial version of chapter 9. In the piece, he tells us "[a]ny bankruptcy bill for Puerto Rico would punish retirees whose pension funds invested in these bonds because they were tax-free."

Tax free retirement funds investing in tax free bonds?  Now we are just making stuff up.


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