A US judge denied requests by a class of mostly individual bondholders to suspend or disapprove of Argentina's 20 billion US dollars debt swap. Read full article
You are annoyed you have to abide by US law? You should have denominated the bonds in ARG$ not US$ then you could randomly change the laws to suit whomever is in power at the time like you do with every other law.
Wasn't an additional bond offering made illegal in 2005 and now it's legal again because you are out of money? Just one example.
Greece bonds being made junk status may put a hold on your bond offering but they may have no choice but to bring it forward considering their cash crunch. It will be interesting to watch, no way will the interest rate be in the single digits but that was just dreaming anyway.
Comments
Disclaimer & comment ruleswell done Griesa ~~
Apr 27th, 2010 - 09:42 am - Link - Report abuse 0the Law is ~normative science~ !
the Economy is ~not normative science~!
arrrrgrgg this guy always rompiendo las bolas. Always annoying us!!!
Apr 27th, 2010 - 01:30 pm - Link - Report abuse 0You are annoyed you have to abide by US law? You should have denominated the bonds in ARG$ not US$ then you could randomly change the laws to suit whomever is in power at the time like you do with every other law.
Apr 27th, 2010 - 02:26 pm - Link - Report abuse 03 errrrr whatever
Apr 27th, 2010 - 04:27 pm - Link - Report abuse 0Wasn't an additional bond offering made illegal in 2005 and now it's legal again because you are out of money? Just one example.
Apr 27th, 2010 - 05:04 pm - Link - Report abuse 0Greece bonds being made junk status may put a hold on your bond offering but they may have no choice but to bring it forward considering their cash crunch. It will be interesting to watch, no way will the interest rate be in the single digits but that was just dreaming anyway.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!