washington/new york president barack obama wednesday appoint seven-member board oversee financial restructure puerto rico majority republican panel market analysts saw favorable bondholders u.s. territory cripple 70 billion debt crisis among board members obama appoint recommendation legislative leaders arthur gonzalez democrat retire bankruptcy judge oversee chapter 11 case chrysler enron carlos garcia republican former head puerto rico government development bank run private equity firm bayboston appointees republicans andrew biggs david skeel jose carrion iii democrats jose ramon gonzalez ana matosantos idea fiscal control board know colloquially la junta puerto rico largely revile island 45 percent poverty rate whose chronic economic slump help spur rampant outmigration among message protesters graffiti artists plaster around san juan wake sell homeland say oppression market perspective board figure positive creditors island say david tawil president hedge fund maglan capital particularly cite garcia call investor guy intertwine everything happen now democrats panel moderate expect height securities analyst daniel hanson say note jose gonzalez president chief executive officer federal home loan bank new york may key swing vote creditor-friendly policies hanson say keefe bruyette woods analyst chas tyson note last week list jose gonzalez former santander executive potential creditor ally significant experience puerto rico bank sector board create federal law know promesa pass early year bring puerto rico finance federal oversight give authority restructure debt board task assess certify annual budget fiscal recovery plan present island government well facilitate debt restructure talk island possibly bankruptcy-like process one interest pick skeel professor university pennsylvania law school though republicans generally see creditor-friendly skeel restructure industry veteran repeatedly call broad-based restructure puerto rico also stress creditor right protect scenario possibly good sign fate puerto rico general obligation debt debt view sacrosanct municipal debt market legal security bankruptcy law give go holders reason fret importantly much negotiation tactics may drive team lawyers financial advisers board ultimately select represent restructure consultant martha kopacz phoenix management service veteran bankruptcy lawyer richard levin jenner block among professionals say lobby represent board accord people familiar situation house representatives speaker paul ryan senate majority leader mitch mcconnell republicans choose two members board house senate minority leaders nancy pelosi harry reid democrats make one pick apiece obama choose seventh member puerto rico oversight board appoint