http://www.zerohedge.com/news/2014-01-15/puerto-rico-default-likely-ft-reports
The market just hit a fresh all time high today which means another major default must be just around the horizon. Sure enough, the FT reported moments ago that a Puerto Rico default "appears increasingly likely" and is why creditors are meeting with lawyers and bankruptcy specialists (supposedly Jone Day, which means where Corinne Ball is Ken Buckfire, fresh from its recent league table success with the Detroit bankruptcy, can't be far behind) on Thursday in New York. The FT cited a restructuring advisor, supposedly desperate to sign the engagement letter with creditors and to force the bankruptcy, who said that "the numbers are untenable" and "to issue new debt the yield would have to rise and where they can’t raise new money they will have to stop paying."
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