This board sounds more political than helpful. Puerto Rico is a US territory and has many of the traditional obligations of states with few of the actual benefits. If states were in a similar situation, they would be allowed to file Bankruptcy and then restructure their debt. Puerto Rico should be given the same option. Remember, this is a restructuring of debt and NOT a bailout (despite what some very misleading TV commercials would have you believe). In many ways, it was congressional involvement in Puerto Rico that led to the bonds in the first place, it's time to let the People of Puerto Rico restructure their debt to alleviate the current financial crisis. If this board was a group of non-partisan experts, maybe, but this board will be composed of clearly partisan selections who may or may not have the best interests of the people of Puerto Rico at heart.