WASHINGTON, Sept. 15, 2015 /PRNewswire-HISPANIC PR WIRE/ — Main Street Bondholders Coalition, a project of the 60 Plus Association, America’s largest center-right seniors organization representing more than 7.2 million older Americans, today launches a print ad campaign in Politico and a radio campaign in Puerto Rico to highlight Governor Alejandro Garcia Padilla’s effort to violate Puerto Rico’s constitution and destroy the credibility of the Puerto Rican people.

Photo – http://photos.prnewswire.com/prnh/20150915/266850-INFO

“We are launching the ads to provide a voice for the thousands of Puerto Ricans who trusted the Puerto Ricans Government under Governor Garcia Padilla.  His plan to violate Puerto Rico’s Constitution by refusing to pay bondholders and calling them ‘vultures’ is both unjust and unconstitutional,” said Matthew Kandrach, Vice-President for 60 Plus.

The radio ad features Puerto Rican bondholder, Noemi, who highlights the promises made by Governor Garcia Padilla in 2013 to honor the Constitution as a moral obligation, stating:  “Governor Garcia Padilla has failed me. Thousands of Puerto Ricans trusted the Puerto Rican word, but the Governor’s actions have destroyed the credibility of the Puerto Rican people.”  Noemi urges Governor Garcia Padilla to “uphold the Constitution.”

Listen to the radio ad here.

The Politico ad focuses on the Governor’s “Fiscal Adjustment Plan,” which lacks seriousness and sets up a false choice for policymakers: Either let him stiff creditors or face a disorderly default.

For more information about the Main Street Bondholders Coalition, visit our website: http://mainstreetbondholders.org/

Main Street Bondholders Coalition is a project of the 60 Plus Association that is made up of small bondholders from across America who are committed to a policy process that returns Puerto Rico to sound financial management, respects the rule of law, and protects their retirement savings

Contact:
Gerry Scimeca
media@mainstreetbondholders.org