^^^ All I can say is that 'ridiculously high' interest is a good thing when you're the one it's being paid to.
In regard to a US taxpayer 'bailout' probability, all I can say is that some highly improbable gov't financial actions have indeed taken place recently.
In the way of an update, since my post on July 14th, FPRTX ( Franklin's federal and state tax free PR bond based mutual fund ) is up about 1% while also paying 5.55% federal and state tax free 'interest'.
In regard to the 'removal' of PR's former corporate 'tax haven' status for US corporations during the Clinton years, those US corporations have indeed now found a very acceptable substitute. They use untaxed foreign earnings as collateral for debt to finance the ( friendly or hostile ) takeover of a competitor company whose corporate HQ is located in a low tax foreign country ... and then officially move corporate HQ for the new merged company to the former competitor's existing offshore corporate HQ location a.k.a. 'inversion'. See the latest 'inversion' du jour courtesy of Forbes ...
(snip)Walgreens is the U.S.’s largest pharmacy retailer with 8,200 stores across 50 states. America’s drugstore, it has saturated the U.S. market. Most of Walgreens’ yearly $72 billion in sales and $2.5 billion in profits come from the U.S. and are taxed here. Yet the company is considering a controversial move to lower-taxed Switzerland. An Americans for Tax Fairness Executive Summary says the move could cost American taxpayers $4 billion over five years.
The move is known as an inversion. Think of it as a corporate renunciation of U.S. citizenship. Walgreens won’t be alone if it follows through. The biggest involved AbbVie, U.S. pharmaceutical company going Irish by buying Shire for $54 billion(snip)



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