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US Court rules against Argentina: all bondholders must be treated equally, including hold outs

Friday, October 26th 2012 - 20:39 UTC
Full article 86 comments

US appeals court ruled Argentina discriminated against bondholders who refused to take part in massive debt restructurings in 2005 and 2010 by deciding to pay them later than bondholders who agreed to participate. Read full article

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  • Think

    The Government of Argentina disagrees.... We appeal, your Honor.

    Oct 26th, 2012 - 08:48 pm - Link - Report abuse 0
  • toooldtodieyoung

    LOL!!!!!!! 30 x LOL!!!!

    It's said that those who try to dig themselves out of a hole, only dig themselves deeper........

    Case in point.........Argentina!!!!!! Anyone want to buy a ship?

    NML Capital Ltd. v. Republic of Argentina!!!

    Billed as the fight of 2012. some say that NML Capital Ltd. is punching above it's weight on this one and Argentina will win it hands down on point scoring and appealing to the crowd but the smart money is so far on NML Capital Ltd.

    YES Ladies and Gentlemen let the fight begin!!!

    Good old fashion debt vs International prestige!!! book your tickets!!!

    Oct 26th, 2012 - 08:51 pm - Link - Report abuse 0
  • reality check

    Thought you already did, here's a clue, it is all in the mane of the court!

    Oct 26th, 2012 - 08:53 pm - Link - Report abuse 0
  • Captain Poppy

    Appeal an Appellate court? Ask the Supreme court next year is they will review the case.....lol

    Oh my oh my poor old asslips!!!

    Oct 26th, 2012 - 08:57 pm - Link - Report abuse 0
  • HansNiesund

    Oh my goodness. But all is not lost. Fortunately,the IMF runs a debt relief programme for Heavily Indebted Poor Countries.

    http://www.imf.org/external/np/exr/facts/hipc.htm

    Oct 26th, 2012 - 09:20 pm - Link - Report abuse 0
  • Ayayay

    I love how egalitarian we are.

    Oct 26th, 2012 - 09:20 pm - Link - Report abuse 0
  • yankeeboy

    Think, That was your appeal, didn't you read the article?

    Funny thing this, if I remember correctly, Nestor put in a clause in teh reissued bonds that if at anytime a old bondholder got better terms the new bondholders would be eligible to receive the same terms.
    Hmm I smell another default.

    Oct 26th, 2012 - 09:23 pm - Link - Report abuse 0
  • Idlehands

    When the levee breaks....................................

    Oct 26th, 2012 - 09:30 pm - Link - Report abuse 0
  • Acchiappaladri

    There was a Judge in New York.
    There were five Judges in London.
    There was a Judge in Accra.

    THERE ARE THREE BRAVE JUDGES IN NEW YORK

    Great: strong determination and much wisdom was needed to master that disputed topic , keeping in sharp focus the basic principles of justice under the heavy political lobbying with a different bias, but they have been brave enough.

    BRAVO! It is a milestone judgment!

    Oct 26th, 2012 - 09:32 pm - Link - Report abuse 0
  • yankeeboy

    Part of the problem is the World Bank/ICSID, and the USA courts have never had a country not pay judgements!
    There is no procedures on what to do so it is taking years to work out some sort of collection scheme or forcing payments from other means.
    It is going to get worked out.
    Time is on the side of the bondholders not Argentina
    The bondholders can outwait CFK.
    Argentina will pay eventually and the interest keeps going up everyday.

    She is a fool not to have dealt with this years ago.

    But she proves to be more of a fool everyday.

    Oct 26th, 2012 - 09:55 pm - Link - Report abuse 0
  • Idlehands

    I'm sure there will be a lot of gloating over this as it will be conceivably catastrophic for Argentina. This is much more serious than an ancient frigate.

    However it serves no purpose for Argentina to collapse into the abyss again. Creditors will not get paid, all of South America will be affected and ordinary Argentines will be pushed back into poverty for another generation.

    It's still unclear how much Argentina is unwilling and how much it is unable to settle it's debts. There's talk of $45bn reserves but why is there a desperate dollar clamp if there are enough dollars to settle? I can only assume that as mentioned above it is because if Argentina settles the hold-outs it will be compelled to treat the others the same which would be a massive increase in the total debt. Otherwise what are the issues?

    Argentina needs wise technocratic leadership and to abandon CFKs pantomime. However it is also unclear to me whether there are such people within national politics. I get the impression you have to be fluent in the pantomime to get anywhere in that political culture.

    I'd be interested to know what GM make of this 24 hours after they announced their investment.

    Oct 26th, 2012 - 10:25 pm - Link - Report abuse 0
  • ChrisR

    @1 I don’t Think aka The Chief Jerk

    Well, well, living up to your tag names I have given you Think.

    “The Government of Argentina disagrees.... We appeal, your Honour.”

    On what substantive LEGAL grounds? You CANNOT appeal an appeal court unless it on the grounds they did not follow the law –NOT because AG disagrees. Who is interested in what jerk-offs like you and your so called ‘government’ think, Think? STICK TO THE LAW.

    FFS it’s getting boring listening to the whining of the argies just because they do not know OR will not accept the law.

    Oct 27th, 2012 - 12:20 am - Link - Report abuse 0
  • Captain Poppy

    You are right Yankee.....I think with this world recession taking place, perhaps the powers that be will develop a means to insure debts are paid, whether reduced and restructured or whatever. I think what needs to happen is the equivalent of “garnishment of wages”. If a country can receive payments via trade, I think the BIS needs for be forced for accept a garnishment of the country that defaulted on their debt. Argentina may have a paper surplus, but settlements would be a different story. An interesting concept for the WTO to consider. I think the only countries that would fear that is ones likely to default. There is no bankruptcy for a country, the debt never goes away like a business bankruptcy.

    Oct 27th, 2012 - 12:32 am - Link - Report abuse 0
  • Giorgio_O._Tsoukalos

    And after all the crap that was written in the first 13 replies... the hold-outs will still not get paid.

    Argentina keeps (correctly) disregarding foreign courts with no appointed power on Argentine soil, they don't get paid.

    Argentine stops using the US and European banking system (the world is starting to do that anyway as who trust US banks and Europe/UK are collapsing anyway), they don't get paid.

    The hold outs somehow succeed and force Argentina to pay them back and as a result to repay in full to all the other bondholders, the country can't pay them back. They don't get paid.

    It's funny how you pathetic losers are baying how Argentina is so evil because it doesn't want to negotiate in “good faith”... and yet here you are the Muppets, all frothing like rabid foxes how Argentina is supposedly going to be ruined, the country plundered peacemeal,and the people made to suffer... how? By rooting on a policy of the hold outs of no-negotiation!... so you want the other side to negotiate but not yours.

    Good, Christian people you are. hahahaha.

    Oct 27th, 2012 - 04:38 am - Link - Report abuse 0
  • surfer

    Default II

    Oct 27th, 2012 - 04:41 am - Link - Report abuse 0
  • Giorgio_O._Tsoukalos

    @15

    And they still won't get paid!

    And the effects on Argentina will be negligible as the country for practical purposes has that status when it comes to international bond markets. So any default will have minimal real damage since in de facto terms the economy already operates near or around that scenario. So the actual economic effects will be much much more reduced than 2001 when the whole economy was far more leveraged on debt.

    So in the real world default or no default its the same thing. The hold-outs won't ever see a cent.

    Oct 27th, 2012 - 04:48 am - Link - Report abuse 0
  • reality check

    @16
    And they still won't get any investment!

    Anyone care for YPF shares going for a bird!!!
    Cheap, cheap, cheap, cheap that is.

    Can't even give them away, best comedy show in town.
    “Christina Wonka and chocolate Factory.”

    Oct 27th, 2012 - 06:52 am - Link - Report abuse 0
  • Guzz

    17
    That's all fine, as Sinopec is about to buy the 57% Repsol holds...

    Oct 27th, 2012 - 07:00 am - Link - Report abuse 0
  • reality check

    I'll believe it when the signatures are on the paper. I was going to say contract, but a contract means ferk all to these people.

    Oct 27th, 2012 - 07:06 am - Link - Report abuse 0
  • Guzz

    You got that wrong, YOUR contracts means ferk all...

    Oct 27th, 2012 - 07:42 am - Link - Report abuse 0
  • reality check

    Oh, do tell. When, where and with whom did the the UK ever default or renegotiate a debt?
    Why do I feel that I might be in for a history lesson, from the catastrophic world events of the early C20.

    Oct 27th, 2012 - 07:47 am - Link - Report abuse 0
  • Guzz

    Sorry, I thought you were speaking on behalf of the vulture fonds. If you are talking on behalf of anyone else, Argentina has fulfilled her duties within the contract, more than 95% of her debt.

    Oct 27th, 2012 - 07:55 am - Link - Report abuse 0
  • Tinx

    Who cares US court ,the law is the tool of oligarchy.
    US has no mental of even one tenth Argentina has.
    keep sleeping away,Argentina has taken step before.

    Oct 27th, 2012 - 08:55 am - Link - Report abuse 0
  • Conqueror

    @1 Tough. And, in case you hadn't noticed, it was the APPEAL court!
    @14 Here's some thoughts for you. No argie asset can EVER leave argieland. “Foreign” businesses operating in argieland require their profits to be paid into “foreign” accounts. Failure to pay means the company “exports” all is equipment and leaves. Recovering all possible monies by ceasing to pay argie workers or argie taxes. All argie diplomatic missions closed and given 48 hours to leave. No argies permitted to enter other countries. Although other LatAm countries might permit the entry of the “wandering poor”. All argie vessels subject to arrest and seizure, including cargo, on sight. See how easy it would be? All it needs is for other countries to follow your examples.
    @23 Look at us! We're wonderful! We can operate in the world without following any of the world's rules! Yeah. Right up to the point when “the world” says that you've taken the piss once too often. The world has been very gentle with argieland. Just take a look at what the world is doing to one of your “friends”. Iran. Let's watch what happens when the world decides to embargo argieland.

    Oct 27th, 2012 - 09:14 am - Link - Report abuse 0
  • Tinx

    & 24

    For all i understand you mean the recent wranglings of some British banks with US authorities.

    Oct 27th, 2012 - 09:48 am - Link - Report abuse 0
  • Zhivago

    I don't get it, why doesn't Argentina think it is responsible to pay the money it owes? If I don't pay the lease payments on my cars I can fully expect a couple large men to come and pick them up in the middle of the night and I will still be responsible for the debt I signed a contract for. It all seems pretty cut and dried. I did have an account in an Argentine bank once but I got too fed up with the extra charges, the stupid hours and the two hour line-ups. Its much more convenient just to use credit and debit cards from real banks outside!

    Oct 27th, 2012 - 12:23 pm - Link - Report abuse 0
  • Captain Poppy

    default part II with much different set of world events taking place. Such a proud group of people taking pride in defaulting on their obligations. No wonder they went from a world leader in the early 1900s to a frontier nation in less than 100 years. When will you get back to the stone age? Re-elected asslips cuntina kirchner.....she can do it.....and fast!

    Oct 27th, 2012 - 01:50 pm - Link - Report abuse 0
  • Pirat-Hunter

    Such is the arrogance of Empire, not the mark of true greatness. It is also the mark of desperate people playing a bad hand and trying to force it to a winning hand.

    A little oil and gas company out of Argentina found out that the door was wide open to them and they set about getting into a key position in the Caspian Basin. In spite of the best efforts of Bush and Cheney, this company just keeps on getting things done and getting bigger every day.

    These are the published facts from that area, long before the US could get in the door.

    v January 1992: Gas exploration rights for Yashlar block in eastern Turkmenistan awarded to Argentine firm; Bridas Production profits to be split 50-50 between Bridas and Turkmenistan government.

    v February 1993: Bridas awarded Keimir Oil and Gas Block in western Turkmenistan. 75-25 split in profits, in favor of Bridas.

    v 1995 Bridas Corporation meets Taliban for first time to commence negotiations.

    v 1995 Unocal and US Government attempting to pressure Taliban to abandon contract negotiations with Bridas and pressure Turkmenistan regarding Bridas contracts.

    v October 1995: President Niyazov (Turkmenistan) signs agreement in New York with Unocal/Delta (Saudi investors). Turkmenistan starts jerking Bridas around on its Oil Contracts with that government.

    In 1989 Unocal was acquired by the government-owned Petroleos of Venezuela. That happened under the George H W Bush administration and was approved by CFIUS and him. It was not until 2007 that Venezuela sold Unocal to Chevron and distanced themselves from further US involvement.

    I have maintained that Unocal might not be the right name as to who was being so opposed to Bridas Corporation. That is because Venezuela and Argentina get along just fine.
    http://rense.com/general82/wounds.htm

    Oct 27th, 2012 - 03:22 pm - Link - Report abuse 0
  • Giorgio_O._Tsoukalos

    @26

    What I don't understand is how apparently ratiotinating people like you (probably only one of three in this entire website), love talking about the responsibility of countries and individuals to pay back their debts and be “honorable”, how the hammer must be dropped on a person that does not pay their car, cheats on loans... or countries that do the same.

    .... but enunciate the equivalent of intergalactic vacuum about COMPANIES, BANK, and INVESTMENT FUNDS that cheat, like, and go bankrupt and do not pay everything back.

    You people are a bunch of ideological crony capitalists. Individuals, and sovereign states, governments, and families have one set of rules; companies, bankers, and vulture funds have another. They can break the law, gamble all the money they promised to hold with fiduciary trust... and not only do they not have to return a cent, they either are let to falter without investors seeing anything back, or are bailed out by taxpayers. And no one goes to jail.

    (may I remind you that for the 2008 crisis in Europe and the USA NOT ONE PERSON HAS GONE TO PRISON).

    You are quack people.

    Oct 27th, 2012 - 03:34 pm - Link - Report abuse 0
  • Pirat-Hunter

    #29 long story short, you would have a clear picture and understand them better if the Brits illegal aliens at Islands Malvinas Argentina had a more well known name like BP or Coca Cola. But we all know how that name came to be don't we? Denial could not alter their mob mentality just like a bull running after a red flag, interesting comparison if you consider both marked their history and present with blood.

    Oct 27th, 2012 - 04:18 pm - Link - Report abuse 0
  • Captain Poppy

    argentina.....like a drowning man will grab anything, in this case.....say anything. Does the sign at EZE say “Welcome to Frontier World” yet? I will soon see. alexis,m I will see Buenos Aires more often then you ever will, you will see it.....ZERO times.

    Oct 27th, 2012 - 04:54 pm - Link - Report abuse 0
  • Pirat-Hunter

    Comment removed by the editor.

    Oct 27th, 2012 - 05:35 pm - Link - Report abuse 0
  • briton the arse

    @24 conqueror/captain pup
    you sound drunk!

    Oct 27th, 2012 - 06:49 pm - Link - Report abuse 0
  • Captain Poppy

    pirate hunter.....I mean alexis vargas.....with 100% of argentines worldwide supporting asslips cuntina kirchner, will you be partaking in the worldwide ANTI KIRCHNER protest in November ALL AROUND THER WORLD AT EVEVY EMBASSY? Their will be protests against her in Canada also....you can join in to take her down with the so called 100% that love and support her. Does that include those that marched in the September protests also? Don't allow that vein in your forehead to pop!

    Oct 27th, 2012 - 08:17 pm - Link - Report abuse 0
  • Zhivago

    Pirat
    Make sure you show up at the one in Toronto, I'll bring you a coffee!

    Oct 27th, 2012 - 09:50 pm - Link - Report abuse 0
  • Pirat-Hunter

    #34, #35 I don't make dates with homos besides you all seem to know who I am why not come see me so you can both take an arse whooping, but bring two small bags to collect your individual set of teeth.

    My opinion about the vulture tax for import at #32 still stands.
    VIVA CFK!

    Oct 27th, 2012 - 11:52 pm - Link - Report abuse 0
  • Zhivago

    Sounds like an invitation, are you inviting me?

    Oct 28th, 2012 - 12:37 am - Link - Report abuse 0
  • Ayayay

    @29 what is the Latin fascination with sending people to prison? The romance-poetry side is awesome, I think i'll just take that.

    Oct 28th, 2012 - 12:55 am - Link - Report abuse 0
  • Captain Poppy

    give me your address and I can be there asap....if you have the balls

    Oct 28th, 2012 - 01:04 am - Link - Report abuse 0
  • Pirat-Hunter

    #37 I though I was clear in comment # 36, you people are thick, I don't invite homos to my home I am homophobic ask #39 he is being stalking some Argentine guy for months and it doesn't surprise me to be asking for my address again! since parasitic homos don't ever give up, Why don't you too meet and take care of each others needs. I think he is begging for balls now in comment #39 go make him coffee and give him some. Lol

    Oct 28th, 2012 - 03:09 am - Link - Report abuse 0
  • Captain Poppy

    It seems that sending me home with my teeth in a bag is just a brown former south american indian hiding in Canada fantasy like the argentine vulture tax and the argentine defense. I assumed you would pussy out. I would fear me face to face if I were you also. No worries little girl. Seems face to face confrontation is not your cup of mate'. I am not far from Canada little girl, you can drive down here to Boston.

    Oct 28th, 2012 - 03:22 am - Link - Report abuse 0
  • Zhivago

    40 Pirat
    You said we knew who you are and to come down and see you, sounds to me like an invitation. Then you are going to give me an “ Arse whooping” and apparently knock out my teeth. Well, name the time and place and certainly bring all your friends to help you. As a younger man I was employed as a bouncer in a bar and one of my jobs was to eject the chugs who had gotten into the firewater, I'm still I could still take care of and Ricky Ricardo who has the stupidity to take me on. Bring it on Alex boy!!

    Oct 28th, 2012 - 05:13 am - Link - Report abuse 0
  • Troy Tempest

    @41 Poppy

    He won't come down to see you. Besides being afraid, he's not able to travel to the US. No passport, I think. At least, not a Canadian one, and he would not be able to get back into Canada. He wouldn't want that - his only option left would be to move back to Argentina.

    I don't think that he's ever travelled anywhere, in years. He has no idea about other cultures.

    Maybe you want to instruct him - how about 'militarising' Southern Ontario.

    :-D

    Oct 28th, 2012 - 06:24 am - Link - Report abuse 0
  • Guzz

    Poppy and Zhivago
    You come to Christiania and show me how tough you are. And don't worry, I can assure you the police wont come.
    Old wankers..

    Oct 28th, 2012 - 07:04 am - Link - Report abuse 0
  • yankeeboy

    Great explanation of why this ruling was shocking to Argentina and has huge Int'l implications,

    http://seekingalpha.com/article/957151-argentina-s-stunning-pari-passu-loss
    As far as Argentina is concerned, it might just have to pay the holdouts. No one knows how much money that might entail spending: the figures range from $1.3 billion at the low end (large, but manageable) to $12 billion at the high end. That would cause real economic damage. Again, Werning is good on this. And whether or not Argentina pays the holdouts, the risk of a credit event in the CDS market are seriously high right now: there's a hundred ways that things could go wrong and the CDS could get triggered. In fact, this being Argentina, it's entirely possible that the government could deliberately trigger the CDS, after various important people had loaded up on protection.

    Oct 28th, 2012 - 10:41 am - Link - Report abuse 0
  • Zhivago

    45 Guzz
    Oslo in autumn?

    Oct 28th, 2012 - 10:42 am - Link - Report abuse 0
  • agent999

    It's a hippie district/commune in Copenhagen.
    Fits in quite well with “I invest in happiness” but not with “You come to Christiania and show me how tough you are”

    Oct 28th, 2012 - 11:51 am - Link - Report abuse 0
  • Guzz

    47
    Tye abscence of police fits perfectly...

    Oct 28th, 2012 - 11:53 am - Link - Report abuse 0
  • agent999

    It is not really true is it Guzz that there are not any police in Christiania ?

    Oct 28th, 2012 - 11:59 am - Link - Report abuse 0
  • Guzz

    Well, they enter in flocks at times, razzias as they call it...

    Oct 28th, 2012 - 12:04 pm - Link - Report abuse 0
  • Captain Poppy

    Guzzle you and alexis are so tough you have to talk shit all the time. You are so tough you are both afraid to live in your former country. You both enjoy better educations in another country......probably collect their indigent welfare benefits as well. You can talk tough so long as your far and away. Guzz you bring great learning lessons to the lice you are raising. They will make wonderful nits when they grow older from all the wrong you teach them and will be either push cart people or fryOlator operators.

    Oct 28th, 2012 - 12:48 pm - Link - Report abuse 0
  • Guzz

    My youngest already makes more sense than you, imagine that...

    Oct 28th, 2012 - 01:12 pm - Link - Report abuse 0
  • yankeeboy

    It is nice that Sweden give communist refugee status. You are very lucky your parents chose that country and didn't stay in Uruguay.
    Have you ever been to South American Guzz?
    I doubt it.

    Oct 28th, 2012 - 01:49 pm - Link - Report abuse 0
  • Giorgio_O._Tsoukalos

    @38

    Note your comment has not one iota to do with my commentary. You are a crony capitalist, an apologist for financial crime (as long as the banks or corporations do it), like all the rest of the Muppets here.

    Oct 28th, 2012 - 01:54 pm - Link - Report abuse 0
  • yankeeboy

    Toby, Do you know how many buildings have collapsed and killed people this year in Argentina?

    Just curious...

    Oct 28th, 2012 - 02:00 pm - Link - Report abuse 0
  • Giorgio_O._Tsoukalos

    Another muppet who can't stick to the topic.

    Oct 28th, 2012 - 02:01 pm - Link - Report abuse 0
  • yankeeboy

    Ok,ON TOPIC, will CFK choose to pay the holdouts or default on the next interest payment?
    I think she will default. She really can't spare the U$ anyway....

    Oct 28th, 2012 - 02:04 pm - Link - Report abuse 0
  • Giorgio_O._Tsoukalos

    I'm not interested in that. You think I care about the hold-outs? I don't care to defend criminals. And what default? Technically a default exists since 2001; de facto it would not have much of an effect at all in the economy since it already operates under such an environment.

    You are all wet woolgathering if you believe some sort of default declaration (which itself is just unrestrainted fancy by many of you here), will trigger a 2001 situation. You are talking back then about an economy that was the world's largest bond market in the emerging world, and an economy that was fully integrated to the world financial system, and ran on credit.

    Today, the debt load is 1/3 of what it was, the bond market a fraction, Argentina has succesfully extricated itself from the criminal world financial system, and levels of borrowing are far lower.

    In the meantime, muppets will be muppets. As long as the crimes are carried out by corporations and bankers, it is all copacetic. Only individuals, families, and nations should be punished for breaking the law; corporations and banks should be bailed out when they criminalize, and then allow to commit crime again.

    That's the motto of the Mercorpress crony capitalist coven.

    Oct 28th, 2012 - 02:14 pm - Link - Report abuse 0
  • yankeeboy

    Oh good grief! Do those words mean anything? Extricated herself from the world? Hmm since your only real exports are cars and soy whom do you think are buying them?
    It is impossible for Argentina to disengage from the world and not end up like North Korea or Zimbabwe. My guess is your path is Zimbabwe because they don't have a military hierarchy like N Korea.
    The economy has tumbled to #3 in SA quickly on its way to 4th. Getting thrown out of IMF IDB WD G20 should insure that next year.
    When Argentina is envious of Bolivia's financial stability you know the end is near.

    Oct 28th, 2012 - 02:22 pm - Link - Report abuse 0
  • Giorgio_O._Tsoukalos

    When you stop tossing hyperbole claims and “INDEC” statistics, I may engage with you on internal argentine matters.

    Then again, youa are a foreigner, so I probably will not.

    No one is buying our products because all of you are broke. And still the economy is not crashed. All your predictions were wrong so far.

    I guess you Europeans and Americans don't understand we don't want to be part of your failed system of operations. Just respect that. In a way sometimes I think we should just pay all the supposed “debts”, and then lets see if you people would leave us alone.

    Just curious, how does your brain's ethical center process your cortical ideological area's support of bankers and corporations stealing, breaking the law, asking for favors, hand-outs, and calling their clients muppets and the taxpayers “suckers”, and you still defend them as honorable people that should be held to a more lenient standard?

    Oct 28th, 2012 - 02:51 pm - Link - Report abuse 0
  • yankeeboy

    I am reconciled with our banks and corporations just fine, thanks for asking!

    BTW all of my predictions have come to pass just about when I said they would. You can go back through my posts and figure that out for yourself.

    I see December as a pivotal month for Argentina and 2013 the beginning of the end of the K terror.

    Oct 28th, 2012 - 02:56 pm - Link - Report abuse 0
  • Giorgio_O._Tsoukalos

    You said the government with fall by June because of rioting. Get out of here, you must think people have RAM memory only. hahaha.

    I'll indulge you and lets say the gov falls in 2013, I'll even give you that the new gov starves the people to pay the hold-outs so that they can have some few more Seychelle's cocktail parties.

    You think that will make people in Argentina more amenable to like you?

    Oct 28th, 2012 - 03:00 pm - Link - Report abuse 0
  • Conqueror

    @25 Yes, we get it. It's all going over your head, you dwarf.
    @28 Shame, alex. The idea is that you comment on the article. Still, that requires intelligence. And a shave, a haircut and a wash!
    @29 Of course you don't understand. You're thick! In addition, you're, I suppose, South American. That's double thick. You reckon that international laws aren't applicable to you. Triple thick. You habitually cheat, lie and steal. Quadruple thick. Shall I go on? Belligerent, underhanded, invasive, cowardly, beaten? Quintuple thick? Would you like to know the next stage? It's DEAD! Get it?
    @30 Come now, alex. You are “speaking” from one of the prides of the BRITISH Empire, an erstwhile BRITISH Dominion, a proud member of the BRITISH Commonwealth and, now, an equally proud member of the Commonwealth of Nations. How can you live with yourself? Even better, why don't you stop? Even better, show your mettle by swimming from Toronto to Rochester in New York State. It's only about 30 miles! Or are you a gutless faggot?
    @33 And you sound ugly. But, in the morning, I'll be sober!
    @36 GUTLESS, QUEER, HOMOSEXUAL FAGGOT AND PAEDOPHILE.
    @40 Forgot to mention; COWARD. Like most argie scum.
    @44 Christiania? Isn't the gender bender cock-sucking slag called “Cristina”? Wouldn't that be Cristinaia? And why would anyone go there? Apart from the pleasure of practising with an assault rifle? Grenades? RPGs? Tanks? Bombers? Artillery? Naval artillery? Surely the place to be is Denmark? Where we can test whether YOU can “walk on water”. Whilst trying to evade the assault rifles, the grenades and, just to make it interesting, the mines.
    @52 Youngest what? Grooming, are you?
    @54 And you are a faggot. 99% of latams are. When dealing with latams on the UK border, always had my knife ready. To remove offensive weapons.
    @58 Oh ho. A cowardly, brain-dead, argie cocksucker. Doesn't have one. Should we call you “cocklost”? Although “Unidentified Faggot Object” would probably be appropriate.

    Oct 28th, 2012 - 03:31 pm - Link - Report abuse 0
  • Captain Poppy

    #60 titti boi, the RGs do not want to be part of the system, why are they always wanting to trade with it, appeal rulings in it, complain to the WTO about it, crying to the UN and UNSC when they are slapped. Doesn't sound like they do not want to be part of it. Even your own latin brothers are no longer voicing support.

    Oct 28th, 2012 - 03:41 pm - Link - Report abuse 0
  • Giorgio_O._Tsoukalos

    @64

    That's the government. The people want nothing to do with the European/American mentality, or moral values.

    Oct 28th, 2012 - 04:49 pm - Link - Report abuse 0
  • ElaineB

    Christiania? I thought that was a needle-park.

    Oct 28th, 2012 - 04:55 pm - Link - Report abuse 0
  • Giorgio_O._Tsoukalos

    Notice how in this thread and the other the foreigner muppets pretend they have diplopia, or some other vision impairment.

    This is he ultimate evidence that they have a criminal mentality which agrees with corporate crime and malfeasance. Crony capitalists to the core.

    Oct 28th, 2012 - 05:32 pm - Link - Report abuse 0
  • agent999

    @67 unfortunately it's your myopia that is the problem.

    @66 Cristiania, after talking with my friends in Copenhagen, has never been a needle park - cannabis has always been there but they have never condoned hard drugs, it was always the hard core dealers in Copenhagen that have pushed the hard drugs. (Personally I feel that even cannabis is bad)

    Oct 28th, 2012 - 06:03 pm - Link - Report abuse 0
  • Captain Poppy

    #65 no only you radical la campora misfits that fatsimo the fat fuck kirchner oversee. Plan on overthrowing asslip cuntina kirchner?.....if you ever get to argentina?

    Oct 28th, 2012 - 06:17 pm - Link - Report abuse 0
  • Giorgio_O._Tsoukalos

    @68

    Making stuff up about another is not a very impressive retort. None of you have ever come out against the corporations, not once, or the banks. You are crony capitalists who believe in redistribution from the lower classs to the upper classes by government fiat, and by having two legal systems, one for the poor one for the wealthy. Simple as that, and none of you have disputed what I aver.

    @69

    No, ask any argentine, they find you Euros and Americans contemptible people in your moral system.

    Oct 28th, 2012 - 06:24 pm - Link - Report abuse 0
  • agent999

    @70
    making stuff up - please explain what you mean.

    Oct 28th, 2012 - 06:29 pm - Link - Report abuse 0
  • Captain Poppy

    titti boi, everytime I an in Buenos Aires I always hear how they love America.........but then the RGs I know are they working middle class....business managers, doctors and lawyers and everyday workers. try again, find your way back to your momma's nipple, it might help. I am sure you can reach it. Do you even know what goes on in argentina ?
    Why ia it that only countries that defaulted, well, not all, think the system is criminal?

    Oct 28th, 2012 - 07:06 pm - Link - Report abuse 0
  • briton the arse

    @72 Captain Pup aka Conqueror
    Shut Up!
    lol

    Oct 28th, 2012 - 08:16 pm - Link - Report abuse 0
  • Captain Poppy

    Suzzie you are so transparent...pretending to be in the USA....the craziest of all la campora puts out. Are you like a Tazmanian Devil? In the cartoon? I give up distinquishing me from Conqueror, you are too stupid to read the difference

    Oct 28th, 2012 - 09:13 pm - Link - Report abuse 0
  • Troy Tempest

    @73 Sussie USA

    “@72 Captain Pup aka Conqueror
    Shut Up!
    lol”

    Sussie , again you lower the calibre of La Campora posts on here

    “hey, try to meet me in the USA if you are a real USA citizen.

    Everyone else on here is having a proper intellectual exchange, right or wrong.

    You, however, just make idle threats and taunts like a schoolyard bully, right?

    Do you really want us to find you, you meant what you said, right?

    Tell you what, if you really live in the USA, make it easy for us.

    You still insist you live in Tempe, correct?

    You can show us you do:

    Go to a recognisable landmark in Tempe, Tempe City Hall, you can't miss it.
    Take a picture of yourself (face obscured if you like) holding this week's East Valley Tribune.

    Open a PhotoBucket account under a fake name (Sussie??) and post the picture.

    Give us the link on Mercopress, then we'll know you are really in the USA.

    If you choose not to do this, we can assume you having lying all this time. Not unexpected, I grant you.

    Can't wait for the excuses...

    How's your “Papi”??

    Oct 28th, 2012 - 09:20 pm - Link - Report abuse 0
  • Captain Poppy

    Kudos Troy

    Oct 28th, 2012 - 10:42 pm - Link - Report abuse 0
  • Tinx

    For all I see the Mercopress changed article title letters,
    Let's hope It might change the website design and some commentators.

    Oct 29th, 2012 - 09:57 am - Link - Report abuse 0
  • briton the arse

    @74 & 75

    Isolde, don't worry about her....I am the best!

    Oct 29th, 2012 - 03:15 pm - Link - Report abuse 0
  • Mikarita Yatemata

    I hear Judge Griesa has gone for a swim tonight.

    HAHAHAHAHAHAHAHAHAHAHAHA!!!

    REPENT NORTHAMERICANS, REPENT.

    Oct 30th, 2012 - 01:45 am - Link - Report abuse 0
  • Captain Poppy

    Poor argentina...I am so mistreated....wah..wah..wah....the world hates me...wah...wah..wah.......the world picks on me...wah..wah..wah.......They will not allow me to make up my rules as I go...wah..wah..wah.......

    Oct 30th, 2012 - 10:47 am - Link - Report abuse 0
  • British_Kirchnerist

    The great vulture fund victory, well in a capitalist world I suppose we should expect the law sometimes to be an ass, as Dickens put it, as in this case. It sets a terrible precedent, but Cristina's dignity and resistance will set a brilliant counter precedent...

    Nov 04th, 2012 - 01:35 am - Link - Report abuse 0
  • Troy Tempest

    @81 Bitter Kirchnerist

    BK - nearly a week after the last post, you write this lame drivel...

    “ Cristina's dignity and resistance will set a brilliant counter precedent... ”

    Laughable except that her defiant thievery will ruin the Argentine economy and cause misery for its citizens.

    You are so besotted with CFK - does she give you geriatrics blow jobs, or does she have Timerman do it for her ???

    Nov 04th, 2012 - 03:35 am - Link - Report abuse 0
  • Captain Poppy

    BK do you think someone should be allowed to open say....a restuarant, hire the people they want...be it 5 or 10 or 15, serve the food they want and keep the profits they earn...if any?

    Nov 04th, 2012 - 01:30 pm - Link - Report abuse 0
  • British_Kirchnerist

    #82 People have said my attitude to Cristina makes me a teenager, now you say it makes me geriatric - get your story right!

    #83 Yes

    Nov 04th, 2012 - 04:12 pm - Link - Report abuse 0
  • Troy Tempest

    @84 Bitter Kirchnerist

    “#82 People have said my attitude to Cristina makes me a teenager, now you say it makes me geriatric - get your story right!”

    I have never said that I thought you were a teenager.
    Get my story straight? Unlike La Campora, there is no common troll script written for the independent posters to follow.
    CFK is a “populist” leader with a personality cult of followers.
    Their fanatical adoration of her, bolstered and guided by La Campora, are tools to support her.

    I imagine you, personally, to be a geriatric porn surfer who has found a way to act on behalf of one of his fantasy women obsessions.

    Nov 04th, 2012 - 06:03 pm - Link - Report abuse 0
  • Captain Poppy

    #84 well that is the basics of CAPITALISM that you so much hate.
    or a dictionary definition:

    An economic system in which the means of production and distribution are privately or corporately owned and development is proportionate to the accumulation and reinvestment of profits gained in a free market.

    Nov 04th, 2012 - 06:08 pm - Link - Report abuse 0

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