I’m certainly no Trump apologist. As a long time New York, I’m well aware of Trump and his destructive narcissism. But, while he bears some blame for the current tragedy in Puerto Rico, he’s nowhere near the top of the list.
Corporate greed and government leaders in the U.S. and on the island for decades have manipulated and neglected the island’s needs and its people. The storm just exposed this.
Today’s example is the role Wall Street played in wiping out the savings of unsavvy investors.
“To have this type of carnage being born on this small of a population in this small of a geographic territory is something that we’ll likely never see again,” said attorney Jeffrey Erez, who has filed hundreds of securities cases on behalf of Puerto Rican investors. “You have the complete investing class on a very small island having lost 50 percent, 60 percent, 70 percent, 80 percent of their retirement savings within a few years.”
And among the many factors that contributed to this was this: