[act-ma] 10/21 Tomorrow--Cancel the Debt: Solidarity Rally and Fundraiser for Puerto Rico
cwelch at tecschange.org
Fri Oct 20 09:00:34 PDT 2017
Baupost Private Investments Bviii 10 St James Ave Boston
1 to 3 PM
Puerto Rico is in urgent need of debt relief. Years of austerity,
imposed by an unelected financial board installed by the United States,
left the island in a precarious state, slashing social services and
increasing the devastation wrought by Hurricanes Irma and Maria. Puerto
Rico's public sector has been loaded up with debt by Wall Street and
European capital, driving a vicious cycle of budget cuts and human
On October 3rd, the Intercept broke a story about one of the largest
holders of Puerto Rican debt, a Boston based company linked to
billionaire Seth Klarman: "The Baupost Group, a Boston-based hedge fund
managed by billionaire Seth Klarman, owns nearly $1 billion of Puerto
Rican debt, purchased under a shell company subsidiary and hidden from
public scrutiny. Baupost acquired the debt through an on-paper
Delaware-based corporation named Decagon Holdings LLC, whose beneficial
owner had been unknown until now."
We plan to rally outside of the Baupost Group office in Boston to demand
that the odious debt Puerto Rico has been shackled be immediately forgiven.
We will also be raising money for the relief fund set up by the Puerto
Rican Federation of Teachers:
Boston Democratic Socialists of America
Boston International Socialist Organization
Massachusetts Green-Rainbow Party
If you would like to sign on as a cosponsor and help organize, please
contact contact at Bostonsocialism.org!
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