In August, President Donald Trump fired six out of seven members of an oversight board responsible for overseeing Puerto Rico’s finances. As replacements for these commissioners loom, major Republican donors could win billions of dollars due to the board’s control over their financial interests.
Former oversight board member Andrew Biggs, a Republican appointee and the last of the six to be dismissed, told the Washington Examiner that he has “no doubt” that the bondholders wanted him and his colleagues axed.
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“It’s in their interest to get a more bondh