Trump Tells 'Friends on Wall Street': 'You Can Wave Goodbye' to Money Lent to Puerto Rico

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U.S. President Donald Trump and first lady Melania Trump walk through a neighborhood damaged by Hurricane Maria in Guaynabo, Puerto Rico, U.S., October 3, 2017.
U.S. President Donald Trump and first lady Melania Trump walk through a neighborhood damaged by Hurricane Maria in Guaynabo, Puerto Rico, U.S., October 3, 2017.Credit: JONATHAN ERNST/REUTERS

U.S. President Donald Trump said on Tuesday while on a trip to Puerto Rico to observe hurricane recovery efforts that the island's massive debt will have to be wiped out. 

"They owe a lot of money to your friends on Wall Street and we're going to have to wipe that out. You're going to say goodbye to that, I don't know if it's Goldman Sachs but whoever it is you can wave goodbye to that," Trump said in an interview with Fox News. 

>> Trump's Nasty Tweets on Puerto Rico Highlight Masochistic Side of His Narcissistic Personality / Analysis >>

Puerto Rico, which earlier this year filed the biggest bankruptcy in U.S. municipal history, is struggling to regain economic stability in the face of a $72 billion debt load and near-insolvent public health and pension systems. 

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