While Congress is trying to save Puerto Rico with the proposed H.R. 5278 Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) bill, history is doomed to continue to repeat itself unless real action is taken. Let’s face it: Many factors that contributed to Puerto Rico’s financial chaos were avoidable. Yes, Puerto Rico’s economy seems to have never fully recovered from the 2008 financial downturn with an unemployment rate around 12 percent, but part of this financial chaos is a result of flawed financial practices.