Well, we'll just have to see about that, won't we?
The hedge-fund manager said he’s still considering moving to the Caribbean island from New York after flirting with the idea in 2013….
“You can minimize your taxes in Puerto Rico in ways that you can’t do anywhere else in the world,” Paulson, who manages more than $22 billion of assets, said during a panel….The U.S. is not facing another financial crisis and the stock market's overreaction to fears about the economy could be a value opportunity, billionaire hedge fund manager John Paulson said….
"Anything you buy goes lower. It's getting near the point where there's certainly a lot of value out there."
“Without Congress passing a bill, all these proposals are worthless,” said Matt Dalton, chief executive officer of Rye Brook, New York-based Belle Haven Investments, which oversees $3.9 billion of municipal bonds, including Puerto Rico securities. “These bondholders can go back and forth, and demand this, and wish for that, and hope for this, but it’s a problem that has just continued to snowball.”
John Paulson Says He’s Still Considering Move to Puerto Rico [Bloomberg]
John Paulson: We’re not facing another financial crisis [CNBC]
Puerto Rico Bondholders Make First Counteroffer to Debt Plan [Bloomberg]