In Puerto Rico, fol­low the money

The Washington Times Weekly - - Letters To The Editor - BRUCE R. BAX­TER Rin­con, Puerto Rico

con­clu­sion to the ef­fort. It’s his job to be con­cerned about how fed­eral money is spent in Puerto Rico. We all should be con­cerned about it, ac­tu­ally, be­cause al­le­ga­tions of the is­land’s elected of­fi­cials lin­ing their pock­ets at tax­payer ex­pense have sur­faced.

How low will Mrs. Cruz Soto go? She’s called Pres­i­dent Trump a slob and a jerk. She makes the false claim that Puerto Ri­can peo­ple have a right to FEMA funds be­cause of an in­sur­ance pol­icy that is paid on their in­di­vid­ual mort­gages. That’s nuts. As U.S. cit­i­zens, we have a right to ex­pect rea­son­able fi­nan­cial as­sis­tance, but there’s no mort­gage in­sur­ance pol­icy. How­ever, if a mort­gage is owned by two quasi-fed­eral agen­cies, Fred­die Mac or Fan­nie Mae, Puerto Ri­cans may qual­ify for three to 12 months of pay­ment re­lief with no im­pact on their credit score. Per­haps that is what has con­fused her. The big dif­fer­ence is that mort­gage re­lief is tar­geted di­rectly at an in­di­vid­ual home­owner and is not from fed­eral funds that Mrs. Cruz Soto’s ilk could the­o­ret­i­cally di­vert, squan­der or other­wise lose with­out an au­dit trail.

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