A plan to pull Puerto Rico out of bankruptcy by 2021 hit a major obstacle when a new member that @POTUS appointed to @FOMBPR which oversees P.R.s finances rejected a debt restructuring proposal & left the meeting...leaving no quorum to approve the proposal apnews.com/article/donald…
“Justin Peterson, who once advised creditors in financial disputes involving Puerto Rico and Argentina, abruptly dropped out of the board’s public meeting after clashing with them several times, leaving members without a quorum to approve the proposal.”
Here, Justin Peterson tweets as to why he abruptly left the @FOMBPR meeting thereby leaving the the group without a quorum.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with David Begnaud

David Begnaud Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @DavidBegnaud

31 Oct
WATCH: Justin Peterson, Trump’s 1st appointee to federal board overseeing Puerto Rico’s bankruptcy, left the board’s virtual meeting today b/c he didn’t like a change proposed by a fellow board member. He knew if he left they wouldn’t have a quorum & could not vote - meeting over
Here’s the full video livestream.com/fombpr/events/…
Read 4 tweets
29 Oct
BREAKING: Two week stay at home order issued in El Paso county Texas, as well as two week shut down of all nonessential businesses due to coronavirus cases and hospitalizations that have hospitals at capacity and an overflow field hospital set up at the cities convention center.
First reported by @KeenanKFOX_CBS who’s on the ground reporting there
Voting will not be affected.
Read 5 tweets
1 Oct
NEWLY RELEASED: @FEMA mismanaged the distribution of commodities in response to Hurricanes Irma and Maria in Puerto Rico,” according to a report just released by the Inspector General. The findings are shocking. See thread below. oig.dhs.gov/sites/default/…
“FEMA lost visibility of about 38% of its commodity shipments to Puerto Rico, worth an estimated $257 million. Commodities successfully delivered to Puerto Rico took an average of 69 days to reach their final destinations.”
“Inadequate FEMA contractor oversight contributed to the lost visibility and delayed commodity shipments. FEMA did not use its Global Positioning System transponders to track commodity shipments, allowed the contractor to break inventory seals, &..”
Read 109 tweets
23 Sep
BREAKING: Grand jury indicts 1 officer on criminal charges 6 months after Breonna Taylor fatally shot by police in Kentucky. The charge is “wanton endangerment”, meaning act or an instance of putting someone or something in danger or exposure to peril or harm.
This charge is for shooting “a gun into an apartment.” The indictment, read by the judge, didn’t mention the Breonna Taylor’s initials, as a victim, but did mention the initials of 3 other individuals: CE, CN, & ZF.
The attorney general asked for bail to be set at 15,000 dollars
Read 4 tweets
18 Sep
Scoop: Tomorrow, the White House will announce several major disaster aid packages for Puerto Rico, amounting to the largest allotment of disaster aid in U.S. history. Most of the money will be used to rebuild the power grid that was destroyed by Hurricane Maria, 3yrs ago today.
This will be a multi billion dollar allotment of disaster aid.
Tomorrow’s big announcement will be in addition to the 49,000,000,000 in aid already obligated by the federal government for Puerto Rico, 16 billion of which has already been disbursed.
Source: recovery.pr/en
Read 16 tweets
6 Sep
Puerto Rico’s Health Secretary is vowing to make these people “pay for their actions”.
What happened?
“Traders”, many of whom are tourists, from ‘Forex’ held a party on the island, violating the Governor’s executive order to wear a mask & social distance
From the health secretary:
"It is unacceptable what is seen in the video that is circulating on social networks about a party where there is an agglomeration of people, without masks and without physical distancing, on a farm in Morovis...”
“... If indeed, that video documents an activity carried out in These days, as it has been published, not only the people who participated in the activity and appear in the video, but the owners of the place and the organizers of the event...
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!