THIS COULD MEAN MAJOR LOSSES ON WALL STREET: Trump Says Puerto Rico's Debt Will Have to be Wiped Out

If this is a serious policy statement from President Trump, then there are going to be some major losses for some on Wall Street

In an interview with Fox News, Trump said that Puerto Rico's debt will have to wiped out.

"They owe a lot of money to your friends on Wall Street and we're going to have to wipe that out. You're going to say
goodbye to that, I don't know if it's Goldman Sachs but whoever it is you can wave goodbye to that," Trump said on Tuesday in an interview with Fox News, according to a Reuters report.

Puerto Rican government debt amounts to $73 billion.

More than 850 bond mutual funds own Puerto Rican debt, according to data compiled by Morningstar. Some of the biggest holders include mutual funds run by household names like OppenheimerFunds, Franklin Templeton, Goldman Sachs, BlackRock and T. Rowe Price.

The full list of creditors is:

Angelo, Gordon & Co. 

Appaloosa Management 

Archview Investment Group 

Ambac

Aristeia Capital 

Arrowgrass Capital Partnersponse

Assured Guaranty

Aurelius Capital Management 

Avenue Capital Group

 BlackRock

BlueMountain Capital Management 

Brigage Capital Management 

Candlewood Investment Group

Canyon Capital Partners

Carmel Asset Management

Centerbridge Partners 

Cyrus Capital Partners 

Citibank 

D.E. Shaw 

DoubleLine Capital 

Farallon Capital Management 

FGIC

Fir Tree Partners 

Fortress Investment Group e

Franklin Templeton Investment Co. 

Fundamental Advisors

Golden Tree Asset Management

Goldman Sachs – .

Highbridge Capital Management 

Knighthead Capital Management f

Mackay Shields 

Maglan Capital 

Marathon Asset Management

MatlinPatterson Global Advisors

MBIA

Meehan Combs

Monarch Alternative Capital

Och-Ziff Management 

Oppenheimer Funds Co. 

Perry Capital Management 

Principal Global 

Redwood Capital Management

Scotiabank.

Sound Point Capital Management 

Stone Lion Capital Partners 

Syncora 

T. Rowe Price

Taconic Capital Partners 

Tilden Park Capital Management

Vårde Partners 

Whitebox Advisors

-RW

SOURCES:

 CNBC

The Intercept))