PUERTO RICO BOND BATTLE – THE SPOILS OF WAR

PUERTO RICO BOND BATTLE – THE SPOILS OF WAR by by Caleb Gibbons, CFA, FRM,– Originally at IBankCoin. Reposted with permission

“Puerto Rico’s Sinking and I Don’t Want to Swim” was the other top candidate as a header. The current maelstrom has many questioning how the US got into this mess in the first place. Spain controlled Puerto Rico for 4 centuries, from 1493-1898. US victory in the Spanish-American war of 1898 saw Spain cede the Island of Puerto Rico to the US under the terms of the Treaty of Paris. The Spanish relinquished control of Cuba, Guam and the Philippines as part of the same conflict, which lasted a compact 10 weeks (fought in the Pacific and...