WASHINGTON, Nov. 16, 2015 /PRNewswire-USNewswire/ -- On Wednesday, November 18, Main Street Bondholders will host a "Meet the Main Street Bondholders" event in San Juan, Puerto Rico. Main Street Bondholders is a coalition formed by the 60 Plus Association, America's largest free market-focused seniors' advocacy group, which consists of individual Puerto Rican small bondholders who are affected by the Commonwealth's debt crisis. The group strongly condemns the Obama Administration's plan to enact Super Chapter 9 for the Island, which will give it the authority to wipe out all bondholders.
"Meet the Main Street Bondholders" will be the first event for the coalition and will serve as an opportunity for media in Puerto Rico to meet coalition members.
"Our members are regular, hardworking Americans who invested their lifetime savings in Puerto Rican bonds and stand to lose everything because of Governor Garcia Padilla's plan to drive the Island to default," said 60 Plus Association Vice-President, Matthew Kandrach. "We hope that by introducing the Governor to the very people that he intends to harm, it will shed light on the fact that the biggest losers of his policies and the debt are the Puerto Rican people themselves."
What: Meet the Main Street Bondholders
When: Wednesday, November 18 at 11:30 a.m. AST
Where: Los Chavales Restaurant – 255 F.D. Roosevelt Avenue, San Juan, PR 00918
RSVP: Event attendees must RSVP to [email protected]
Main Street Bondholders Coalition is a project of the 60 Plus Association, and is comprised of small bondholders from across America who are committed to a policy process that returns Puerto Rico to sound financial management, respect for the rule of law, and the protection of their retirement savings.
SOURCE Main Street Bondholders