Cancel the Debt: Solidarity Rally and Fundraiser for Puerto Rico

October 21, 2017 @ 1:00 pm – 3:00 pm
Baupost Private Investments Bviii
10 St James Ave
MA 02116
International Socialist Organization - Boston

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 suffering.

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:

If you would like to sign on as a cosponsor and help organize, please contact [email protected]!