On the recordJune 28, 2016
I don't know what Leonardo DiCaprio is doing, but I guarantee you there is going to be another movie. It is not going to be ``The Wolf of Wall Street,'' it is going to be about Puerto Rico. People are going to find out exactly how we got into this situation. They are going to find out what a mess it was, and they are going to find out how much it cost our economy. That is what is going to happen. Instead, we could take the time here to have an open amendment process, offer some amendments, and try to get a legal process that is open, that is by the book, and is what we would provide to people in the United States--because Puerto Rico is part of the United States-- then we could let a bankruptcy court make these decisions instead of letting a few people make the decision. I think my colleagues don't understand how much is at risk or how much the cost to the U.S. economy could be and certainly how big the debate is going to be that we still have to have in the Congress, in the House of Representatives, and in the Senate on this issue of how we are going to get Puerto Rico out of this mess. But, if you think you are putting $72 billion on the backs of the Puerto Rican economy, it is not going to help us in our economy, and it is not going to help their economy. We need a more fair restructuring plan, one that gives us legal certainty, one that will not be challenged as unconstitutional, one that doesn't give gifts to creditors--something that is fair.…





