And.....
But following Trump's comments, Mick Mulvaney, director of the Office of Management and Budget, told CNN that "we are not going to bail them out," adding that he wouldn't take Trump "word for word."
Issac Boltansky, a policy analyst at Compass Point, said the legality of debt forgiveness was still in question.
"Addressing the island’s debt burden should absolutely be part of the broader recovery discussion, but threats to wipe out bondholders appear more bombastic than actionable," Boltansky said in a note. "Our sense is that President Trump’s comments were meant to empathize and possibly catalyze, but we do not believe his statements represent an actual threat to extrajudicially wipe out bondholders."
