Go twice as far: Rebuilding of USVI
Shunned from bond market the U.S. Virgin Islands faces cash crisis and now hurricane Maria striped them clean. What the USVI needs is legendary Salomon Brothers a Wall Street investment bank, known as a bulge bracket company. Unfortunately those with bolas these days hide in the shadows.
Knowing talent there is a candidate trader still earning from the land, a US trustee needs to stage a remarkable comeback. I would recommend Lucian Thomas Baldwin III to recreate paradise from being stripped clean by hurricane Maria. Mr. Baldwin is the ultimate bond trader. He was described by the Wall Street Journal as a trader 'who can singlehandedly move the Treasury bond market.' It also so moved him for the rebuild of great landmarks like Granot Loma who bought the property 29 years ago and restored it to its original splendor being a log cabin. The 92-year-old estate is on the National Register of Historic Landmarks. Can a bond trader save the USVI's and perhaps Puerto Rico? You bet.
At present the US equity market is acting like a Chinese government stake owned stock market and backed market. This strategy demonstrated an acceleration of massive bond debt while GDP struggles looking for an island of sanity that is insatiable need for money. If the free world needs a break from the real world- America needs to let the traders have market volatility to pay down global debt.
Another remarkable thing is, at least in California for construction to begin a contractor. Unfortunately to bid all contractors need a $100,000 LLC bond which on large restoration project such as Puerto Rico and USVI could be a syndicated general bond for 'performance' done on these islands. What no Solomon Brothers available? Thank god virile Mr. Baldwin still thrives. These bonds have different price structures between States and US territories. At this time de-regulation is required to rebuild even the massive FEMA activities in both Texas and Florida or the construction cost will range from 2-20% price increase only for a contractor to 'get-in' to perform. Get with it Wall Street and get some balas, most contractors are small businesses. Go to Washington, D.C. and drive this debt seeking deregulation on bulge bracket companies outside the cubical to the street.
