Trump Cannot Eliminate Puerto Rico's Debt, Says Rattner

The transcript discusses the complexities of Puerto Rico's $70 billion debt and the potential ramifications if the US government were to intervene. It highlights the legal and financial challenges, including the need for congressional legislation and the limitations of executive power. The discussion also touches on moral hazard and fairness issues, emphasizing the need for substantial aid while acknowledging Puerto Rico's obligations.

How does the speaker view the need for substantial aid to Puerto Rico in relation to its obligations?

What are the moral hazard issues mentioned in relation to Puerto Rican debt?