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7 Arrested Protesting MoMA Trustee’s Ties to Puerto Rican Debt

HeadlineOct 22, 2019

In New York City, former City Council Speaker Melissa Mark-Viverito and six others were arrested Monday at a protest demanding that the Museum of Modern Art, or MoMA, cut ties with trustee Steven Tananbaum, whose vulture fund owns at least $2.5 billion of Puerto Rico’s debt and has profited off the island’s financial crisis. GoldenTree Asset Management is one of the top three holders of Puerto Rico’s debt. Former City Council Speaker Mark-Viverito said, “We cannot allow these cultural institutions to be used as a way of whitewashing money. Puerto Rico is suffering, people are losing their pensions, there are privatization of resources, schools are closing down. These practices must end.”

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