Jacob J. Lew: “If you have a house on a block with blighted housing on it, if you do not remove the blighted housing, your chances of…”

So the only pathway to a stable future for Puerto Rico has to involve them restructuring their debt.

We have to invest in the short and medium term to get the kind of economy that gives people a chance.

I totally agree, and I was trying to indicate in my response earlier that the risk is being borne by taxpayers on an ongoing basis and the conservatorship is not over.

I totally agree with you, we should be able to put more resources into working on identifying the sources of the tax gap.