We have been blogging about Puerto Rican municipal bonds over the last several weeks. The situation for mom and pop investors and retirees in Puerto Rico is dire, to say the least. Our concern has been that brokers at UBS and other firms recommended an over concentration in UBS Puerto […]
Monthly Archives: November 2013
When a UBS Puerto Rico bond investor looks at their account these days, if they have the courage to do so, they are probably staring at losses over the past two months of 50% to 60%. And it could get a lot worse. At least one ratings agency, Fitch, is […]
Listen to Jake and Marie’s interview with Kike Cruz.
Puerto Rico’s economy and bond ratings are starting to resemble those of Detroit and Greece. Larry Summers, the former Treasury Secretary last week called Puerto Rico’s bonds “the junkiest of the junk”. The question, burned UBS retail bond investors are asking is, how did this happen? Look no further than […]
How on earth could trusted, so-called UBS “financial advisors” recommend that conservative and retired investors in Puerto Rico fill their accounts with Muni Bonds which have near junk ratings? That’s the call the firm made for conservative investors, and it’s shocking to hear what has happened to thousands of trusting […]