The appointed member to the Fiscal Control Board Carlos M. Garcia, is not fit to be part of this Board due to his executory as the director of the Goverment Development Bank for Puerto Rico during the Fortuño administration. He accepted through a resolution the creation of the Sales Tax Financing Corporation (COFINA) which isssue over $14.4 billons in bonds of which $13.4 billons where outstanding. This lack of judgment skyrocket the debt by 16 billons and fast foward the insolvency of Puerto Rico. He's only solution where to create austerity measures that not only destroyed the already fragile economy but reduced substantially the collections of taxes and inceased the migration of thousands of Puerto Ricans. He's lack of judgment to the problems make him unfit to the position.
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
