Matt Levine, Columnist

Puerto Rico Bonds and Cream Coins

Also performance fees, Amazon MBAs, Buffett bets, Trump SoHo and Seamless.

October 5, 2017 at 9:44 AM EDT

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Puerto Rico.

One obvious fact about Donald Trump's comment to Geraldo Rivera that Puerto Rico's debt should be "wiped out" is that he didn't mean it. He doesn't mean anything, strictly speaking; he does not use words to convey meaning in the conventional sense. I am a little embarrassed for the bond market that it took him seriously, but boy did it ever:

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