{"id":2956,"date":"2015-08-26T00:00:00","date_gmt":"2015-08-26T04:00:00","guid":{"rendered":"http:\/\/silverlaw.lawblogger.net\/blog\/puerto-ricos-debt-crisis-hits-home-with-local-investors\/"},"modified":"2018-10-08T12:41:38","modified_gmt":"2018-10-08T16:41:38","slug":"puerto-ricos-debt-crisis-hits-home-with-local-investors","status":"publish","type":"post","link":"https:\/\/www.silverlaw.com\/blog\/puerto-ricos-debt-crisis-hits-home-with-local-investors\/","title":{"rendered":"Puerto Rico\u2019s Debt Crisis Hits Home With Local Investors"},"content":{"rendered":"<p><h2><a href=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Puerto-Rico\u2019s-Debt-Crisis-Hits-Home-With-Local-Investors.jpg\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-1937 alignnone\" src=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Puerto-Rico\u2019s-Debt-Crisis-Hits-Home-With-Local-Investors-300x166.jpg\" alt=\"Puerto Rico\u2019s Debt Crisis Hits Home With Local Investors on silverlaw.com\" width=\"510\" height=\"282\" srcset=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Puerto-Rico\u2019s-Debt-Crisis-Hits-Home-With-Local-Investors-300x166.jpg 300w, https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Puerto-Rico\u2019s-Debt-Crisis-Hits-Home-With-Local-Investors-1024x565.jpg 1024w\" sizes=\"auto, (max-width: 510px) 100vw, 510px\" \/><\/a><\/h2>\n<h2>Promises of safe bond investments result in lost nest eggs<\/h2>\n<\/p>\n<p>High returns and tax-free income and a government that could not default on its debt. If you think that sounds like a pretty sound investment, so did many who bought Puerto Rico bonds and leveraged bond funds sold by Swiss bank UBS.<\/p>\n<p>According to a recent article in the <a href=\"http:\/\/www.nytimes.com\/2015\/08\/09\/business\/dealbook\/pain-of-puerto-ricos-debt-crisis-is-weighing-on-the-little-guy-too.html?_r=1\"  target=\"_blank\">New York Times<\/a>, \u201cPuerto Rico officials now say the government cannot afford to pay its $72 million in debt.\u201d And, for the first time since the island became a United States protectorate 117 years ago, the government defaulted on a bond payment.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.silverlaw.com\/blog\/puerto-ricos-debt-crisis-hits-home-with-local-investors\/\"  title=\"Continue Reading Puerto Rico\u2019s Debt Crisis Hits Home With Local Investors\" class=\"more-link\">Continue reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Promises of safe bond investments result in lost nest eggs High returns and tax-free income and a government that could not default on its debt. If you think that sounds like a pretty sound investment, so did many who bought Puerto Rico bonds and leveraged bond funds sold by Swiss bank UBS. According to a [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[578],"tags":[491],"class_list":["post-2956","post","type-post","status-publish","format-standard","hentry","category-all-releases","tag-debt-crisis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Puerto Rico\u2019s Debt Crisis Hits Home With Local Investors &#8212; Securities Arbitration Lawyers Blog &#8212; August 26, 2015<\/title>\n<meta name=\"description\" content=\"How did ordinary Puerto Ricans expose themselves. Check out the full article on Puerto Rico\u2019s Debt Crisis Hits Home With Local Investors, on silverlaw.com\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.silverlaw.com\/blog\/puerto-ricos-debt-crisis-hits-home-with-local-investors\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Puerto Rico\u2019s Debt Crisis Hits Home With Local Investors &#8212; Securities Arbitration Lawyers Blog &#8212; August 26, 2015\" \/>\n<meta name=\"twitter:description\" content=\"How did ordinary Puerto Ricans expose themselves. Check out the full article on Puerto Rico\u2019s Debt Crisis Hits Home With Local Investors, on silverlaw.com\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Puerto-Rico\u2019s-Debt-Crisis-Hits-Home-With-Local-Investors.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Silver Law Group\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Puerto Rico\u2019s Debt Crisis Hits Home With Local Investors &#8212; Securities Arbitration Lawyers Blog &#8212; August 26, 2015","description":"How did ordinary Puerto Ricans expose themselves. 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Check out the full article on Puerto Rico\u2019s Debt Crisis Hits Home With Local Investors, on silverlaw.com","twitter_image":"https:\/\/www.silverlaw.com\/blog\/wp-content\/uploads\/2017\/07\/Puerto-Rico\u2019s-Debt-Crisis-Hits-Home-With-Local-Investors.jpg","twitter_misc":{"Written by":"Silver Law Group","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.silverlaw.com\/blog\/puerto-ricos-debt-crisis-hits-home-with-local-investors\/#article","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/puerto-ricos-debt-crisis-hits-home-with-local-investors\/"},"author":{"name":"Silver Law Group","@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"headline":"Puerto Rico\u2019s Debt Crisis Hits Home With Local Investors","datePublished":"2015-08-26T04:00:00+00:00","dateModified":"2018-10-08T16:41:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.silverlaw.com\/blog\/puerto-ricos-debt-crisis-hits-home-with-local-investors\/"},"wordCount":608,"keywords":["Debt Crisis"],"articleSection":["All Releases"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.silverlaw.com\/blog\/puerto-ricos-debt-crisis-hits-home-with-local-investors\/","url":"https:\/\/www.silverlaw.com\/blog\/puerto-ricos-debt-crisis-hits-home-with-local-investors\/","name":"Puerto Rico\u2019s Debt Crisis Hits Home With Local Investors &#8212; Securities Arbitration Lawyers Blog &#8212; August 26, 2015","isPartOf":{"@id":"https:\/\/www.silverlaw.com\/blog\/#website"},"datePublished":"2015-08-26T04:00:00+00:00","dateModified":"2018-10-08T16:41:38+00:00","author":{"@id":"https:\/\/www.silverlaw.com\/blog\/#\/schema\/person\/de64d999508b1ad10d608a99f0d2e752"},"description":"How did ordinary Puerto Ricans expose themselves. 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