Hedge funds targeting Argentina miss the target: BIS deposits free from embargoes

Thursday, October 18th 2012 - 00:57 UTC

Full article 18 comments

Switzerland’s government rejected a law suit filed by US hedge funds asking to set an embargo on Argentina's assets deposited in Switzerland based Bank for International Settlements as they claim the payment of a 1 billion dollars debt. Read full article

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Pirat-Hunter
ZZZZZzzzzZZZZZ:-) !
http://m.youtube.com/#/watch?v=CFDC7zmJgQg&desktop_uri=%2Fwatch%3Fv%3DCFDC7zmJgQg
Oct 18th, 2012 - 05:15 am - Link - Report abuse 0
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surfer
crafty buggers, do anything to avoid paying their debts, very little to be proud there
Oct 18th, 2012 - 05:52 am - Link - Report abuse 0
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toooldtodieyoung
Nice one Switzerland!!!!!

Always first at going second!!

“The Swiss government’s Federal Council explained in a communiqué that Swiss authorities have nothing to do with the management of assets deposited in the BIS by foreign central banks.”

I hope you can sleep at night, after all, what better way to kid yourself than by saying “It's nothing to do with me.............”

Clowns
Oct 18th, 2012 - 06:16 am - Link - Report abuse 0
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Guzz
3
It's not like they aren't consistent, I mean, does the neutrality of the Swiss really surprises you? :)
Oct 18th, 2012 - 08:16 am - Link - Report abuse 0
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Welsh Wizard
Yup, they have done exactly the same for the remainder of the assets of the third reich for a number of years now so this news is not surprising...
Oct 18th, 2012 - 08:55 am - Link - Report abuse 0
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Guzz
... as they always have been a useful tool for the money-laundering of US and UK both private and not so private means...
Oct 18th, 2012 - 09:09 am - Link - Report abuse 0
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surfer
Why does Argentina have money in the Bank of International Settlements (BIS) if they don't SETTLE anything?
Oct 18th, 2012 - 09:51 am - Link - Report abuse 0
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yankeeboy
If my calculations are correct there is less than U$10B there now. Arg is in effect bankrupt...again.

They will have another constructive default on all Prov and Fed bonds by paying everyone “in country” in pesos.

Collapse is imminent...
Oct 18th, 2012 - 10:48 am - Link - Report abuse 0
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wesley mouch
Perhaps seizure of any Argentine national assets is warranted such as YPF facilities , Aerolinas airplanes, etc. Its nice to see the Peronists get a taste of their own medicina
Oct 18th, 2012 - 11:02 am - Link - Report abuse 0
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yankeeboy
YPF's oil in tankers...now that would be something to see.
Oct 18th, 2012 - 11:42 am - Link - Report abuse 0
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Captain Poppy
Interesting point yankee because the tankjers are contracted from the Brits....or at least they use to be. They can seize the ships once loaded and then unload them into their own leased takers......lol
2013 oil imports to argentina is expected to be almost 11 billion and of course that needs to be paid in U$ dollars. Consider that they have maybe 11 billion in U$ reserves protected by BIS, and say they maintain a quarterly balance of trade surplus of 1 billion a quarter. Between the debt payoffs and oil imports, 2013 is the year they collapse, unless they are buying Power Ball tickets.
Oct 18th, 2012 - 12:55 pm - Link - Report abuse 0
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Conqueror
Keep going, the funds. Hit 'em every day, every way, everywhere.
Oct 18th, 2012 - 01:28 pm - Link - Report abuse 0
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surfer
yup, time for payback is now
Oct 18th, 2012 - 03:27 pm - Link - Report abuse 0
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Fido Dido
Yankee's (dickhead's) calculations..hahahaha. That's the same clown that believes Mitt Romney will fix all the problems with a magic wand.
Oct 18th, 2012 - 05:28 pm - Link - Report abuse 0
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yankeeboy
Doggy, Do you think if they really has U$45B in savings they would have restricted citizens travel $?
That is the very last step before another default and a complete collapse.

retard
Oct 18th, 2012 - 05:35 pm - Link - Report abuse 0
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ProRG_American
I can't see how these Brits side with money laundering gangsters like the hedgefunds. Pittiful.
Oct 19th, 2012 - 12:16 am - Link - Report abuse 0
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Guzz
16
Don't worry, history is full of failed hedge funds ;)
Oct 19th, 2012 - 12:23 am - Link - Report abuse 0
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Pirat-Hunter
http://m.youtube.com/index?&desktop_uri=%2F#/watch?feature=plpp&v=BQZbOY5Q3ZU
http://m.youtube.com/index?&desktop_uri=%2F#/watch?feature=plpp&v=BQZbOY5Q3ZU
http://m.youtube.com/index?&desktop_uri=%2F#/watch?feature=plpp&v=BQZbOY5Q3ZU
Oct 20th, 2012 - 03:43 am - Link - Report abuse 0
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