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Holdout funds want Argentina to deposit 250m by December 10

Monday, December 3rd 2012 - 04:54 UTC
Full article 42 comments

Investment funds suing over Argentina's 2002 debt default have asked a US court to order the country to post a security deposit of at least 250 million dollars by December 10, while an appeal of a lower court's order is pending. Read full article

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  • ProRG_American

    Won't happen. Court has already decided against vultures. If they want to get paid, join the swap, then move on.

    Dec 03rd, 2012 - 05:43 am - Link - Report abuse 0
  • slattzzz

    will happen pay up and move on

    Dec 03rd, 2012 - 05:45 am - Link - Report abuse 0
  • LEPRecon

    @1 ProRG faker

    What court ruling? There isn't one.

    Sooner or later Argentina will have to cough up the dosh.

    I mean, your President was stupid enough to tell the world that you have the money, so it's now incumbent upon your country Argentina to honour the debts. I mean you took the money, now face the consequences of that, by paying back what you owe.

    The longer it takes you to pay off your debt, the higher it will be due to interest.

    All your government needs to do is make a show of good faith. Unfortunately they only make shows of bad faith at the moment, which is why your credit rating is really crap.

    CFK should write a book titled: How to make a rich country poor in under 5 years.

    The ideal Christmas present for CFK would be: Economics for Dummies.

    Alas I fear it's too late for Argentina, as CFKs miraculous economic model has sent you country spinning into the abyss of financial ruin.

    Dec 03rd, 2012 - 06:54 am - Link - Report abuse 0
  • surfer

    ladies and gentlemen, I give you the next president of Argentina.

    Dec 03rd, 2012 - 07:05 am - Link - Report abuse 0
  • toooldtodieyoung

    “Paul Singer from NML Capital is asking for a proof of good faith from Argentina”

    Talk about trying to get blood from a stone!!!

    “good faith” is an endangered spieces in Argentina, me thinks that it will be a cold day in hell before good faith is spotted in THAT country.........

    Dec 03rd, 2012 - 07:16 am - Link - Report abuse 0
  • Teaboy2

    @1 No the court decided against argentina in favour of the NML, they only stayed the judgement handed down because of fears from both sides including NML that it would cause argentina to default and not pay its other investers back either!

    Dec 03rd, 2012 - 07:17 am - Link - Report abuse 0
  • surfer

    This is shaping up to be a great battle, bizarrely it's the vulture funds that come out looking legal, honest and decent, Argentina's Govt. on the other hand....

    Dec 03rd, 2012 - 09:17 am - Link - Report abuse 0
  • Captain Poppy

    You arfe a very stupid American.....seemly south. The court ruled on a temporary stay of a lower courts order pending appeal. The likihood of this happening is high because the successful lawyer non as asslips kirchner could not keep her cum bucket closed and flapped that argentina will disobey the court's order. This will be a fun month watching as it unfolds.

    Dec 03rd, 2012 - 11:18 am - Link - Report abuse 0
  • ChrisR

    Good move by NML who have not put a foot wrong in the whole saga including the Libertad fiasco.

    Now we will see (if the court accepts this idea and why not) if TMBOA is really serious about bucking the NY Courts. She is so stupid she probably will.

    Dec 03rd, 2012 - 11:24 am - Link - Report abuse 0
  • Huntsman Extraordinaire

    Sign this petition and lets get the governments of the world actually putting this under the spot light and doing something about it!

    http://epetitions.direct.gov.uk/petitions/42558

    Dec 03rd, 2012 - 11:26 am - Link - Report abuse 0
  • Rufus

    To the uninformed, a stay on the lower courts decision isn't a victory for either side. It's the legal equivalent of having your doctor tell you to take two asprin and call him in the morning.

    Dec 03rd, 2012 - 11:29 am - Link - Report abuse 0
  • Captain Poppy

    Good analogy Rufus

    Dec 03rd, 2012 - 12:40 pm - Link - Report abuse 0
  • Britworker

    @11
    Ah yes, but it is interesting that Argentinas creditors are very wise to what a devious filthy lying shower of crap they are and are leaving nothing to chance.

    Dec 03rd, 2012 - 01:08 pm - Link - Report abuse 0
  • Captain Poppy

    It is highly unlikely that both motions will be denied. So either an early decision or a deposit of funds. Argentina has become like that unruly little brat of a child that the parents never descipline, I think it's time argentina finally dances to the music.

    Dec 03rd, 2012 - 02:20 pm - Link - Report abuse 0
  • Pirate Love

    “Holdout funds want Argentina to deposit 250m”

    Singer has more chance of being invited to Crustinas christmas dinner.

    Dec 03rd, 2012 - 02:32 pm - Link - Report abuse 0
  • Anbar

    “”“Sign this petition and lets get the governments of the world actually putting this under the spot light and doing something about it!”“”

    No thanks... I've no interest at all of cutting-off our Argentinian customers... they love us, we love them, they're loyal, happy and good fun and all-round jolly decent folks... their Government is a bunch of nutters though, a bit like ours really.

    -----

    On another note: there will be a growing cross-country support and interest in this case... I wouldn't count out Argentina yet.

    Dec 03rd, 2012 - 02:51 pm - Link - Report abuse 0
  • Captain Poppy

    #15
    of the motion or the deposit....he only needs to have the motive granted.

    Dec 03rd, 2012 - 03:08 pm - Link - Report abuse 0
  • Nostrolldamus The 2nd

    No to Singer, No to Elliot.M, no to the UK, no to the IMF, no to the hold-outs, no to Mercosur, no to the USA, no to the Paris Club, no to Paraguay, no to Brazil, no to China, no to Mexico, no to the International Hydro Organization...

    NO, NO, NO.

    Who said Argentina doesn't have the willingness to negotiate?

    Dec 03rd, 2012 - 04:16 pm - Link - Report abuse 0
  • Rufus

    @18 Nostril

    No to future lending, no to any future foreign investment, no to having any state assets visiting any country that doesn't put expediency before the rule of law, no G20 membership, no to being taken seriously beyond your poor beleagured neighbours, and a resounding NO from the Falkland Islands (there still are no Malvinas)...

    No, No, No

    The general consensus is that after negotiating with Argentina, check your wallet.

    Dec 03rd, 2012 - 04:56 pm - Link - Report abuse 0
  • Leiard

    The term used to be - “After shaking hands, count your fingers”

    Dec 03rd, 2012 - 05:15 pm - Link - Report abuse 0
  • Conqueror

    @19 I disagree. In the first place, don't negotiate with argieland at all. Thirty years ago, Britain showed how to deal with argieland. Next, don't get within 12 miles of the place. If possible, surround yourself with, at the least, a minefield. Don't take your wallet. Finally, check that your hands, arms, legs and feet are all present, and never turn your back.

    Dec 03rd, 2012 - 05:15 pm - Link - Report abuse 0
  • Brit Bob

    American Task Force Argentina: God Speed.

    www.atfa.org/

    Dec 03rd, 2012 - 07:16 pm - Link - Report abuse 0
  • briton

    10....signed it.

    Dec 03rd, 2012 - 07:21 pm - Link - Report abuse 0
  • Joe Bloggs

    18 Whatsit

    Atta boy. I couldn't agree with you more.

    Dec 03rd, 2012 - 07:54 pm - Link - Report abuse 0
  • Pirat-Hunter

    LOL we do not pay thieves and corrupt liars and bellow is a link to show why we will never pay them. Keep crying crocodile.
    http://www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/

    Dec 03rd, 2012 - 08:22 pm - Link - Report abuse 0
  • briton

    why is CFK in power then.

    Dec 03rd, 2012 - 08:51 pm - Link - Report abuse 0
  • Britworker

    Great entertainment, bailiffs at the door, quick duck behind the couch lol

    Dec 03rd, 2012 - 08:59 pm - Link - Report abuse 0
  • redpoll

    Anyone calculated how much the suffering Argentine people will have to pay out in legal fees for all these cockups? The present government should face not only impeachment but criminal charges personally on squandering money on thier crazy policies and the consequences

    Dec 03rd, 2012 - 09:00 pm - Link - Report abuse 0
  • Captain Poppy

    Top ntoch poilitcal liars, I mean lawyers go for, as much as 1,000 an hour. ANd even the most trusted clients always pay a retainer. They typically require X on hand and charge their time against it. So Argentina had to prepay.....lol.....LOTS of greenbacks

    Dec 03rd, 2012 - 09:08 pm - Link - Report abuse 0
  • Pirat-Hunter

    Argentine's around the world love and support CFK 150%, CFK is with out a doubt the best president Argentina had in half a century, I invite anyone to dispute that. All foreigner are invited to fix their own country before spewing their BS about Argentina. Too bad that everyone here is a foreigner and they are all ignorant about Argentina. as you can all read they only want the worst for Argentina and we Argentines don't care much for their comments or their theories, get lost already.

    Dec 03rd, 2012 - 09:28 pm - Link - Report abuse 0
  • Joe Bloggs

    Our friend Whatsit Nozzy TIT going off on one.

    Enjoy:
    http://m.youtube.com/watch?v=KFijMqKeX48

    Dec 03rd, 2012 - 10:18 pm - Link - Report abuse 0
  • Nostrolldamus The 2nd

    @19

    Your call. We don't want to be part of the world order that seeks to subjugate us and comminute our sovereignty.

    Dec 04th, 2012 - 12:00 am - Link - Report abuse 0
  • Captain Poppy

    #30 do all Canadians think like you? lolololololololol

    You are so out of touch with argentine's and argentina.

    Dec 04th, 2012 - 02:17 am - Link - Report abuse 0
  • Troy Tempest

    @30 ALEX VARGAS

    “ Too bad that everyone here is a foreigner and they are all ignorant about Argentina. as you can all read they only want the worst for Argentina and we Argentines don't care much for their comments or their theories, get lost already”

    Alex, you are so far from what REAL Argentinians want that its funny!!

    You will never live there, because you could not survive there and you are scared to leave Canada. If you left, you could not return.

    Please go - learn how your support of CFK brings misery to the people of Argentina. Go see what daily life is like.

    Your parents left because of the government of the 70's and 80's stealing and discriminating against you Indians, but you don't realise that CFK is worse - you despises ALL the poor, and laughs at them. Your supposed 'home' of Salta is one of the poorest, most violent, and most neglected parts of Argentina.
    The social services are poor to non-existant with low life expectancy, and even now, plagued by Dengue Fever that the government will not admit to - people are dying.

    Hey, that is YOUR government and the tragedy that is YOUR Argentina.

    Please go back and stop taking our services while you insult us for rule of Law.

    Ungrateful moron.

    Dec 04th, 2012 - 05:24 am - Link - Report abuse 0
  • briton

    30
    if you really supported CFK,
    you would be in argentina right now,
    insted of canada.

    Dec 04th, 2012 - 02:00 pm - Link - Report abuse 0
  • ProRG_American

    NOOOOO! That is what you have been told!

    Dec 04th, 2012 - 11:41 pm - Link - Report abuse 0
  • Captain Poppy

    pirate hunter finds it easier and more comfortable to support argentina in to comforts of Canada. Argentina is too hard and rough

    Dec 05th, 2012 - 01:25 am - Link - Report abuse 0
  • Pirat-Hunter

    Let us think !,,,
    MmmmmmMMM
    Ok !
    NO!
    LOL.
    #33 ask me if I care! Do you make desitions based on other peoples believes? I don't.
    #34 I live in Canada because my home land Argentina is under British occupation and under a nuclear threat, when Argentina gets a nuclear defence program I will feel safe enought to go badk go back home, so get used to living with black, Muslims, gypsy's and Argehtine's until our homeland is free from occupation. If I brit can live in Malvinas Argentina we Argentine have the right to go anywhere as well.
    #35 if that is how you feel why aren't the illegal aliens in Malvinas Argentine back in UK showing support? Lol everyone wants to be a comedian, Keep your day job son.
    #36 britards don't know what “NO” means.
    http://www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/

    Dec 05th, 2012 - 01:25 am - Link - Report abuse 0
  • Captain Poppy

    #30 if you believe that it is obvious you do not know ANY argentines. If argentina was under Bristish occupation I suspect they would not have an asshole like cuntina kirchner ruining argentina. What cult do you belong too? You sound like a wound up robot that goes on one tack until you wind down.
    #35 piss hole is afraid to live in argentina and I can't blame him for that

    Dec 05th, 2012 - 11:08 am - Link - Report abuse 0
  • briton

    He is also totally brain washed,
    He will be telling us that south America no longer exists next,
    Its occupied by foreign armies.
    All belonging to CFK lol.

    Dec 05th, 2012 - 12:30 pm - Link - Report abuse 0
  • Captain Poppy

    “ I live in Canada because my home land Argentina is under British occupation and under a nuclear threat, when Argentina gets a nuclear defence program I will feel safe enought to go badk go back home, so get used to living with black, Muslims, gypsy's and Argehtine's until our homeland is free from occupation”

    That statement in itself displays the level of psychosis you have achieves. Are you smoking your own dirty underwear? Not even the peronists in your “fatherland” and the brownsuits believe that statement.
    The other RG trolls here are just droids, idiots. You piss holer are really sad because you truly have a sickness of the mind. Canada has free care, I suggest you get some serious mental help. You are the poster child for International Mental Heath Day. Is that where you were October 10th? So if Argentina is occupied (snicker), you abandoned your own people like a coward. Do you bleed yellow when cut?

    Dec 05th, 2012 - 03:32 pm - Link - Report abuse 0
  • briton

    The local asylum for mental health, have suggested he may of escaped from a loony bin in north Korea,

    Been brain washed into thinking he is a argentine Canadian brain surgeon,
    And advises that he should seek emergency medical help, before his limited brain cells overheat.
    .

    Dec 05th, 2012 - 06:51 pm - Link - Report abuse 0

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