Sanders: Firms must take 'haircut' in Puerto Rico debt crisis

Reuters News
Posted: Apr 01, 2016 9:25 AM

WASHINGTON (Reuters) - Wall Street investment banks must take losses amid efforts to fix Puerto Rico's debt crisis, Democratic presidential candidate Bernie Sanders said, adding that policymakers must focus on the island's people, not financial firms.

"These wealthy investors must take a significant haircut. The people in Puerto Rico should not be asked to suffer even more, so that a handful of wealthy investors can become even wealthier," Sanders said in a statement on Friday.

(Reporting by Susan Heavey; Editing by Chizu Nomiyama)