This report details the destructive fiscal policies of Carlos M. Garcia, a former Santander banking executive and current president of Puerto Rico's Government Development Bank. It shows the role Garcia and Santander played in Puerto Rico's public finance disaster, the fiscally irresponsible missteps that has left Puerto Rico without the capacity to modernize its water and sanitation systems, which are vital in safeguarding the public against mosquito-borne virus epidemics and other diseases, and the austerity measures that are unlikely to help Puerto Rico emerge from its public debt.