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Argentina minister blasts credit rating agencies for putting out “terrorist reports”

Wednesday, October 17th 2012 - 04:29 UTC
Full article 56 comments

Argentine Economy Minister Hernán Lorenzino ratified Wednesday’s down payment of the “Bonar X” dollar-bond for 200 million dollars and blasted credit rating agencies which along with speculators “set terrorist reports in order to make some profit out of it.” Read full article

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  • Pirat-Hunter

    As usual the bankers trying to terrorize society for some cash.
    http://www.truthinmedia.org/Bulletins2002/2-2.html

    Oct 17th, 2012 - 05:00 am - Link - Report abuse 0
  • GastonBaires

    Absolutely right and absolutely agree with Minister Lorenzino; IMF, USA, (and the bunch of puppies), Moody’s, Neo liberal Press, etc, etc. It is all the same!!!
    Thanks god a new world it’s coming out and we are watching it !!!
    And the old one that can not handle the reality, which is out of control, with old fashion, unproductive interventions, in an complete outburst mood all the time; Is passing away very fast!!!

    Oct 17th, 2012 - 05:09 am - Link - Report abuse 0
  • slattzzz

    In the case of Argentina, he affirmed that “the process has been the other way round, for the last five years we've been rated as a country in a crisis with a high debt risk.”

    “For the agencies, Argentina is constantly about to get into a crisis, but Argentina has grown for the last ten years and fulfils its financial obligations” he concluded.

    High debt risk why's that then. Fulfils it's financial obligations, Yeah right, that's why Ghana has your Ship.

    Oct 17th, 2012 - 05:29 am - Link - Report abuse 0
  • LEPRecon

    Surely the headline should read:

    “Argentina blasts credit rating agencies for telling the truth instead of blindly believing INDEC.”

    Honestly, can this government get any more pathetic?

    I do feel sorry for the honest hard working Argentine who has to put up with this bullsh!t all the time.

    Oct 17th, 2012 - 05:43 am - Link - Report abuse 0
  • GastonBaires

    You have to read more guys, open you minds to understand better.
    Not because someone repeats and repeats that the pigs can fly, they will fly.
    You are doing that… The parrot syndrome!!!

    People can keep and keep talking and talking about Argentina, as we were important LoL and wish and predict the worst for us. It is all fine.
    Meanwhile you are getting better and better... LOL
    We just neet to wait!

    Oct 17th, 2012 - 05:56 am - Link - Report abuse 0
  • LEPRecon

    @5 - Gaston

    Your translation device isn't working because your post @5 makes no sense in English.

    Oct 17th, 2012 - 06:04 am - Link - Report abuse 0
  • Lord Ton

    An estimated 37 billion dollars in debt - Argentina is indeed a 'pirate' nation!

    Oct 17th, 2012 - 06:14 am - Link - Report abuse 0
  • toooldtodieyoung

    “Tomorrow (Wednesday) we (national government) will be paying the Bonar X dollar-bond for 200 million dollars. Thus, we keep paying our debts.”

    No, you've paid 200 million dollars out of an estimated debt of 37 billion dollars. That's like p*ssing in the South Atlantic ( makes absolutely no difference whatsoever )....... You are still a load of crooks.

    Oct 17th, 2012 - 06:38 am - Link - Report abuse 0
  • Idlehands

    “An old pirate trick”

    Did Blackbeard use to issue credit ratings to manipulate bond prices?

    Oct 17th, 2012 - 06:57 am - Link - Report abuse 0
  • Guzz

    Accoding to these fools, Argentina was better off 10 years ago... They bloody don't even believe themselves, desperate ex empire :)

    Oct 17th, 2012 - 07:51 am - Link - Report abuse 0
  • Orbit

    There's a thick seam of persecution complex running through these guys ... Pirates and vultures, everyone's out to get us, mummy make it stop ...

    Oct 17th, 2012 - 08:14 am - Link - Report abuse 0
  • Usurping Pirate

    Do Ghana accept Bonar X Dollar bonds ?

    Oct 17th, 2012 - 08:42 am - Link - Report abuse 0
  • Welsh Wizard

    @5

    This is simple. Chaco was supposed to pay back in US$ via a contractual obligation. Pesos carry less inherent 'value' than US$. By not paying in US$ this sent a message that further contractual obligations would be broken with regards to payment in US$. As a result the ratings agencies highlighted this as an issue which increases re-payment risk (which is does). If the government had wanted to avoid this situation, they should have paid back in US$ not pesos. Again, actions have consequences. The action in Chaco had a consequence and the government needs to understand this simple fact. It is pretty basic and to complain about it shows a childlike naivety in relation to international/financial relations.

    Oct 17th, 2012 - 09:39 am - Link - Report abuse 0
  • We got your Fragata

    Simply put - nobody will ever take Argentina seriously until this group of idiots led by Kretina is long gone. They are the worst possible thing that could have happened to Argentina, which actually had an excellent (but now long lost) chance to become a normal, mainstream country, after the default in 2001. That opportunity was lost, by another set of criminal theives and demagogues which are quickly leading this nation down the drain, once again, the disaster is looming here, I live here and see it and feel it every day. I live on a street in the middle of Buenos Aires, right off Av. Corrientes, for years there was never an empty store on my block, and since Cristina was reelected, last October out of 15 small businesses on my block 8 of them have closed down, 2 of which were there for over 30 years. These businesses all survived the corralito in 2001, but Crisitna and her idiots have put them out of business. This is her famous “modelo”, closed factories, small businesses shut down everywhere, soaring inflation, corruption in government like never before, government officials all millionaires many times over, persecution by tax authorities, dollar clamp, blackouts, bankrupt public utilities, arrogance towards foreign nations, impossible to get foreign investment, expropiation of companies, valuable public land transferred to government officials for pennies and re-sold for millions - and millions of dollars of public funds spent to build a mausoleum to Nestor Kirchner - and now statues of him in plazas? Well here is the result, we are so tired of you garbage leaders destroying our lives and our future -
    http://www.infobae.com/notas/676088-Ataque-vandalico-a-bustos-de-Kirchner-y-Evita.html

    Oct 17th, 2012 - 10:04 am - Link - Report abuse 0
  • Idlehands

    CFKs biggest failing seems to be that she believes she has unlimited power as president whereas in reality she has very little. She seems oblivious to the adverse consequences of her decisions. For example her “import / export” policy while designed to retain a positive balance of trade has led to many not bothering to trade at all.

    Oct 17th, 2012 - 10:52 am - Link - Report abuse 0
  • Conqueror

    @1, 2, 5 & 10. So, if you can manage 200 million dollars, you can manage another 20 million with no problem. Right?

    Oct 17th, 2012 - 11:05 am - Link - Report abuse 0
  • Ken Ridge

    “An old pirate trick”, the minister also wrote in Twitter”

    Why do Argies have such a fixation with the word 'pirates'?

    Oct 17th, 2012 - 11:08 am - Link - Report abuse 0
  • wesley mouch

    The biggest terrorist in Argentina is former terrorist Presidente CFK. Plus with fat boy Maximo and her are expert at stealing money. They believe in spreading the wealth: from you to them and their cronies.

    Oct 17th, 2012 - 11:35 am - Link - Report abuse 0
  • Yuleno

    7# international lawyer .Aren't you out of your zone.37bn debt compare with Citigroup losses.What name do you have for that identity.
    Ratings agencies provide information that needs interpreting and treating with some caution.You know like a train timetable.Information is not a replacement for intelligence.

    Oct 17th, 2012 - 12:50 pm - Link - Report abuse 0
  • yankeeboy

    Argentina time and again acts like a kid with his face and hands full of chocolate and telling the adults they absoulutely have no idea where that chocolate went and of course they didn't eat it.
    It is so embarrassing
    I wonder if they will ever grow up
    and become
    a serious country
    I doubt it

    Oct 17th, 2012 - 01:21 pm - Link - Report abuse 0
  • Captain Poppy

    Ken.....for the same reason they over use the word democracy, because there is none.
    I like that analogy Yankee. I think there are so many analogies that can easily be applied to argentina. It's amazing that they are always so shocked at what happens to them. These things do not happen to Brazil, Chile and the like.....just argentina.....two words:
    Cuntina Kirchner

    Oct 17th, 2012 - 01:43 pm - Link - Report abuse 0
  • Idlehands

    Similar to the “puppy sat next to a pile of poo” analogy.

    Oct 17th, 2012 - 01:48 pm - Link - Report abuse 0
  • Tobers

    To me they are like a bunch of incredible self righteous, self important 6th form students (16 - 18 years old) in a shitty backwater school who think they are cleverer than they they are. And because no one in their school has challenged them they think that they can go into the outside (real) world with the same attitude - expecting no one to challenge them. But when they are challenged by other people and situations they are thrown and really dont know to handle it.

    Oct 17th, 2012 - 01:55 pm - Link - Report abuse 0
  • Elio_0j0s_Amarillos

    @23

    Whatever you say. Hurts your pride that Argentina after all that the tricks you britgringoos have tried, after all the laws the European Disunion has concocted, you still can't get the lowly argies to care a cent about you, much less like you.

    Sucks to be hated and seen as pervish liars by an entire country of 40 million huh?

    Oct 17th, 2012 - 02:06 pm - Link - Report abuse 0
  • Tobers

    For most (not all) of us 'gringos' its incredulity more than resentment. Its the politics that we cant believe. In fact many of us have postive things to say of Argentina and Argentines. Unlike your blanket hatred of all things gringo.

    You sound incredibly bitter. Like all you ciberkks. Try to enjoy life. After all you are living in Paradise (Argentina) or maybe you arent..

    Oct 17th, 2012 - 02:16 pm - Link - Report abuse 0
  • Ken Ridge

    @24 New user name today TIT?

    “Sucks to be hated and seen as pervish liars by an entire country of 40 million huh?”

    Not in the slightest, though it must suck to be seen as Argentine from the rest of the worlds population, other than Chavez the rest of the world just laugh at you halfwits, and rightly so.

    Oct 17th, 2012 - 02:17 pm - Link - Report abuse 0
  • Elio_0j0s_Amarillos

    Don't try playing the pacifying legate game with me, still seen the sun this year in your frigid tundra islands??

    Oct 17th, 2012 - 02:19 pm - Link - Report abuse 0
  • yankeeboy

    Americans who have friends and/or family in Lain America is constantly bombarded with pleadings of help to get them out of there and into the USA.

    as least in my experience....

    Oct 17th, 2012 - 02:22 pm - Link - Report abuse 0
  • Elio_0j0s_Amarillos

    hahaha, poor loser changing the topic. The funniest thing is they just built that wall and now no one want to even go to AmeriKKa! Pretty soon that wall will work, but to keep that britgringoos IN! hahaahahah. It's coming.

    Oct 17th, 2012 - 02:30 pm - Link - Report abuse 0
  • Ken Ridge

    @29
    Does your mummy know you are on the internet unsupervised?

    Oct 17th, 2012 - 02:33 pm - Link - Report abuse 0
  • Elio_0j0s_Amarillos

    No, but I know your mommy was definately unsupervised last night. :)

    Oct 17th, 2012 - 02:35 pm - Link - Report abuse 0
  • yankeeboy

    It is good thing Argentinians don't want to come here. First we don't want them and second even if they did they would be hard pressed to find a hotel and food with the U$70/day CFK has put on them
    Big article today in all the newspapers, no matter what amount and for what reason requested travel funds are denied.
    Stramge tjat Cuba is relaxing their travel requirements while Argentina puts more on their citizens. Is Argentina the next Cuba?
    It is shameful.

    Oct 17th, 2012 - 02:37 pm - Link - Report abuse 0
  • Elio_0j0s_Amarillos

    @33

    If that is true, it is telling the argentinos are not complaining one bit about not being able to go AmeriKKa. I guess they know there's not much to see there.

    Oct 17th, 2012 - 02:43 pm - Link - Report abuse 0
  • Captain Poppy

    #31 do you really think you make sense? Oh, wait....yes it makes perfect latin sense. arifu titty boi is 15, are you voting age....16?

    Oct 17th, 2012 - 03:13 pm - Link - Report abuse 0
  • Welsh Wizard

    @33

    I thought that the party line was that there was not a problem about being able to leave the country and that dollars were easily available and that these measures were only aimed at those people who earn in the top bracket. Your messages seems to be stating the opposite

    Oct 17th, 2012 - 03:26 pm - Link - Report abuse 0
  • Conqueror

    @19 Hardly a point you should be making!
    @24 Got your US$20 million to get your little boat back, have you? Why would we care about 40 million pervs? Just some THING that needs to be exterminated!
    @27 Yes thanks. Got any fuel for the winter?
    @29 Let's just be reasonable and sensible. If any latino seen to be attempting to cross the border is shot dead, the problem should be over.
    @31 Why? Did she shag you? Did you like it? Was it better than your usual shag? Is your favourite vibrators or strap-ons? But anything will do as long as you get it?
    @33 Do we need to respond to an argie faggot? “Argies” are sub-human. And argie sub-human faggots are...........?

    Oct 17th, 2012 - 04:12 pm - Link - Report abuse 0
  • Captain Poppy

    #35 top earners in argentina is 12000 pesos a years......lol. Remember 4380 and you are not poor in argentina according to Indec

    Oct 17th, 2012 - 04:14 pm - Link - Report abuse 0
  • yankeeboy

    Gosh I was off a bit in my last post...

    If you QUALIFY...

    AFIP is only allowing U$6/day to travel outside of the country now.

    Hmm where can you go for that?

    I hope Rgs like the dirty brown windy beaches of their Atlantic coast. Is the water brown from the effluence from the Riachuelo? Seems like a good way to get really sick. No thanks.

    Oct 17th, 2012 - 04:34 pm - Link - Report abuse 0
  • ChrisR

    17 Ken Ridge
    Why do Argies have such a fixation with the word 'pirates'?

    The Spanish, who were colonising as much of what is now termed LatAm were plagued with pirates attacking their possessions be it ships or land based settlements and to discourage this the term pirate was synonymous with no quarter and certain death if captured.

    The term was sometimes abused to suit the ruling elite in settling scores against those who affronted them. This was the case with the Alamo when about 100 Texians drove all the Mexican troops out of Mexican Texas to the consternation of President General Antonio López de Santa Anna.

    These Texians then occupied the Alamo, a Mission building and stayed there. Santa Anna then brought the Mexican Army to recover the Alamo, DECLARING ALL THE DEFEDERS TO BE PIRATES AND THEREFORE TO BE KILLED WHETHER THEY SURRENDED OR NOT.

    In reality many of the defenders died defending the Alamo and less than ten surrendered and immediately executed. They did not know about the true meaning of ‘pirate’ it was later claimed.

    The effect on the Texians and people from the United States (Texas was not a state at the time) was electrifying. An army was raised and the Mexican Army was defeated just after month from the battle of the Alamo.

    Perhaps the argies see themselves as modern day upholders of the Spanish ‘legacy’ and wish to see all the imagined ‘pirates’ dead.

    Oct 17th, 2012 - 05:40 pm - Link - Report abuse 0
  • Ayayay

    But don't regulations seem to be changing in the middle of the night there now?

    Oct 17th, 2012 - 06:01 pm - Link - Report abuse 0
  • Captain Poppy

    Texas at the time was a soverign nation called the Republic of Texas. Infact they had an Embassy in London, I believe across from the ST. James Palace. Women survived the Texas massacre as it is referred to. But General Houston caught Santa Anna with his pants down, lieterall his army was on siesta. Houston waxed their asses and Santa Anna fled. He was later caputured by some privates wearing a women's hat and shawl.
    When Houston's army of less than 600 attacked Santa Anna's army of over 1,500, the battle cry forever lives in American history...“Remember the Alamo” . Santa Anna's army fought bravely......for 18 minutes before they surrendered.

    Oct 17th, 2012 - 06:07 pm - Link - Report abuse 0
  • Guzz

    Chris
    All that might be true enough, but the reason Brits are called pirates is a much more simple one. “Pirate” is the one word that best describes a Brit, simpelhen :)

    Oct 17th, 2012 - 06:07 pm - Link - Report abuse 0
  • Pirat-Hunter

    Pesos anyone?? It's their job to terrorize people how else can they push loans and high interests on people. That's why every country has a national bank and their own currency, loans are just theft of resources. Didn't this people read the four steps to damnation? By Gregory pallast?
    http://www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/

    Oct 17th, 2012 - 06:08 pm - Link - Report abuse 0
  • Captain Poppy

    the scum.....I mean latinos calls everyone not a cholo a pirate

    Oct 17th, 2012 - 06:14 pm - Link - Report abuse 0
  • Guzz

    Don't confuse “pirate” with “yanqui”. Compared, a pirate is a man of honour...

    Oct 17th, 2012 - 06:32 pm - Link - Report abuse 0
  • reality check

    Sir Francis DRAKE, man now there was a real pirate, all that lovely Spanish silver and gold redirected on its way home from the new world. The first recorded cases of free enterprise.

    Oct 17th, 2012 - 07:02 pm - Link - Report abuse 0
  • Captain Poppy

    pirate hunter.....alex vargas and chicolito cholo himself....gizz, the wannabe mariner, in a typical day getting ready and working himself up to blog:

    www.youtube.com/watch?v=T8ch4rsMmZI

    Oct 17th, 2012 - 07:13 pm - Link - Report abuse 0
  • Ottona

    If you read the press in Europe (except GB!) - every minister in every nations in Europe has already “blasted” the credit rating agencies - which are run for the geopoliticalpurposes of the U.S. and Britain. Alright - this news has not yet reacher you in the Malvinas... (big deal!)

    Oct 17th, 2012 - 08:20 pm - Link - Report abuse 0
  • CR

    I am missing TTT comments!
    He is the best!

    Oct 17th, 2012 - 08:47 pm - Link - Report abuse 0
  • Pirat-Hunter

    Why can't the brits nor US civilians tell Argentine's anything?? Because murderers and child molesters of Muslims in Afghanistan, Iraq, Sirya, libya, Iran, egypt, Sudan, somalia and pakistan don't deserve to have any rights, it is that simple, don't be shy to let them know, Libya did and took their anger right to the US embassy how it should be done everywhere in the world, lets learn to treat this criminals the way they deserve to be treated.
    http://www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/
    http://www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/
    Don't pay attention to the US and UK civilians they are all considered sponsored content.
    http://www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/
    We can all rest assured the credit rating is sponsored content. In any case it shouldn't matter because Argentina should never be allowed to borrow US dollars, we have a National bank and everything should be quoted in pesos since we Argentines work for pesos, why are we being charged dollars?? No body in Argentina buys in dollars. wait I know who works for US dollars, USA lol that's. Why Argentina is where it is we are paying to keep the US working. Are we paying Argentine's enough to keep them working or are we sending all the money and resources to the english community??
    http://www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/
    Get informed, ignore the english man they repeat anything their leaders tell them.

    Oct 17th, 2012 - 08:50 pm - Link - Report abuse 0
  • Captain Poppy

    DOn;t worry.....titty boi found momma's nipple and has posted. He is quite fun to read for a 15 year old Canadian.

    Oct 17th, 2012 - 08:56 pm - Link - Report abuse 0
  • Yuleno

    51# Irrelevant.But you are getting increasingly irrelevant too.Much like yankeeboy.
    Not to worry conkerer never fails to say something.And of course that wizard of knowledge Lord Ton.37bn,some number.

    Oct 17th, 2012 - 09:16 pm - Link - Report abuse 0
  • Orbit

    @50 - It would be interesting to see what Palast would come up with investigating the CFK government.

    And by the way, the UK has laws to curtail the activities of vulture funds; ironically if the libertad had docked in the UK, things may have worked out differently.

    Oct 17th, 2012 - 11:36 pm - Link - Report abuse 0
  • Captain Poppy

    How does a fighting force allow themselves to surrender to lawyers? Quite a fighting force....bahahahahahahaha.

    Oct 18th, 2012 - 12:06 am - Link - Report abuse 0
  • Ayayay

    Argentina could make a great business out of creating an HONEST , credit crating report.
    ..
    ..
    Hahaheeeeeeee

    Oct 18th, 2012 - 12:29 am - Link - Report abuse 0
  • Captain Poppy

    argentina can create a credit reporting agency the argenine way. Countries pay them off and argentina reports them as AAA+ regardless of defaults because it is the lenders fault for lending the money anyway, not the defaulters.

    Oct 18th, 2012 - 01:01 pm - Link - Report abuse 0

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