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Markets fear Argentina could be en route to a ‘technical’ default

Friday, March 1st 2013 - 14:21 UTC
Full article 127 comments

“We are representing a government, and governments will not be told to do things that fundamentally violate their principles” lawyer Jonathan Blackman told the Manhattan US appeals court. Read full article

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  • yankeeboy

    I predict a Argentina will receive a very large daily fine for not complying with the court order, say U$50K/day.
    Then they'll be stuck owing both US Courts and the holdouts until they come into compliance.
    Courts rarely reduce fines once they are incurred.

    Mar 01st, 2013 - 02:36 pm - Link - Report abuse 0
  • andy65

    Is this the smartest thing to say to an American Judge

    “So the answer is you will not obey any order but the one you propose?” Circuit Judge Reena Raggi asked.

    “We would not voluntarily obey such an order” replied Blackman, who later said Argentina would be no more likely to obey a US court than the US would be to obey an Iranian court.

    Mar 01st, 2013 - 02:46 pm - Link - Report abuse 0
  • Rufus

    “...no more likely to obey a US court than the US would be to obey an Iranian court.”

    Now that, in less than one sentence is a good reason why no-one with any sense will do business with the Argentine government without cash up-front.

    Mar 01st, 2013 - 02:55 pm - Link - Report abuse 0
  • andy65

    LOL, take a look on that Judges face the phrase IF LOOKS COULD KILL comes to mind

    Mar 01st, 2013 - 03:11 pm - Link - Report abuse 0
  • Think

    TWIMC......

    As the Argentinean representants have made very clear....:

    1) “If it's confrontation the (USA) court seeks with the injunctions....; that is the (USA's) court’s decision”.....

    2) “What’s at stake here is the future, if any, of the Sovereign Debt Swap Processes”......

    3) “Argentina would be no more likely to obey a US court than the US would be to obey an Iranian court“.

    From now on..... it's a ”Game of Chicken”.....
    And my money (all 100 Pesos) is on Argentina.....
    Juera, Gringos advenedizos, vagos y malentretenidos....

    Mar 01st, 2013 - 03:11 pm - Link - Report abuse 0
  • Captain Poppy

    “We are representing a government, and governments will not be told to do things that fundamentally violate their principles” lawyer Jonathan Blackman told the Manhattan US appeals court.

    What I find humorous in that paragragh is the use of the word “principles” when talking about Argentina. However, it shows how low lawyers are that they are willing to speak for Argentina, but lawyers are another topic.
    I wish I was in NYC and saw bobo and lorenzo coming out of the court to verbally berate and nothing that they could do.

    Bad time for Argie bonds:

    http://www.businessinsider.com/argentinas-bonds-diving-after-court-2013-2

    Up 874 bps in 16 minutes of the market opening this morning. Argentina can really talk themselves to death, don't they?

    http://www.businessinsider.com/argentinas-bonds-diving-after-court-2013-2

    I don't find it funny becasue I have connections with people in Argentina, but they have all created this disaster.

    Mar 01st, 2013 - 03:13 pm - Link - Report abuse 0
  • andy65

    I to do not find this funny but, somewhere along the line Cristina Kirchner needs the biggest politicle slap in the face immaginable to show her she can not just ride ruff shot over every organisation as she feels fit.

    Mar 01st, 2013 - 03:17 pm - Link - Report abuse 0
  • Gordo1

    Surely Argentina agreed to the New York State jurisdiction for matters concerning its debt obligations? It now seems that it doesn't recognise its own decision because, on this occasion, it does not suit them!

    Cake and eat it, comes to mind!

    Mar 01st, 2013 - 03:30 pm - Link - Report abuse 0
  • Captain Poppy

    I totally agree that she needs to be serious put in place if she thinks she can tell everyone in the entire world.....“fuck you” and think that there will be no repercussions from her lack of diplomacy, meglomaniac ego, her neglience, arrogance....she is about to have to pay her dues for joining the club of fascist assholes.
    NIA and SIS need to team up and offer a a bounty for her cerebral cortex.

    Mar 01st, 2013 - 03:35 pm - Link - Report abuse 0
  • yankeeboy

    Argentina could have issued the bonds under Argentinian law but didn't so they are bound by NY State and USA law for these bonds.
    Argentina will lose just like they have every time they have gone to court over this same issue for the last 10 years.
    They will have some nasty consequences disobeying US court orders.

    Mar 01st, 2013 - 03:38 pm - Link - Report abuse 0
  • Anbar

    await the “Get out of Jail Free” card...

    Mar 01st, 2013 - 03:40 pm - Link - Report abuse 0
  • Idlehands

    This is where it all goes wrong for Argentina. They don't seem to understand that it is a Court of Law where they pass judgements based on the law.

    They have approached it like it is a political parliament and in essence have placed their balls on a block and passed the judge a hammer.

    As I'm neither Argentine nor a bondholder it's just hilarious.

    Mar 01st, 2013 - 03:42 pm - Link - Report abuse 0
  • nerosaxo

    The Pimps are are already signing Mothers, sisters and daughters as collateral for an extention off the loan.

    Mar 01st, 2013 - 03:47 pm - Link - Report abuse 0
  • Orbit

    “We would not voluntarily obey such an order” replied Blackman, who later said Argentina would be no more likely to obey a US court than the US would be to obey an Iranian court.

    If the US / Iran relations had been such that the US were happy to ask Iranian creditors (and others who liked the idea of owning Rial denominated bonds) for money through debt issuance under Iranian jurisdiction, then I'd be surprised if the US didn't comply.

    Using Iran as an example is just crass stupidity.

    I suspect CFK is having one of her “sit-on-the-bathroom-floor-rock-back-and-forth-saying-please-make-it-all-stop” moments.

    Mar 01st, 2013 - 03:55 pm - Link - Report abuse 0
  • gabol67

    Can I use the same logic when I'm asked to pay my electric bill and my phone bill and my mortgage?????

    Mar 01st, 2013 - 04:03 pm - Link - Report abuse 0
  • agent999

    We will always obey any international court that rules in our favour !

    Mar 01st, 2013 - 04:07 pm - Link - Report abuse 0
  • Think

    TWIMC....

    This article seems to attract all the usual Anglo Turnips....
    The usual Anglo Turnips with their usual turnipy “opinions”....

    In my humble opinion...:
    1) The NYC Court won't “Spit in their own Soup”, creating jurisprudence that would clearly endanger any future Sovereign Debt Swap Process in the World; including USA's........
    2) Even if they did “Spit in their own Soup” and forced Argentina to a involuntary technical default..... So what........?

    Eat your Turnip Soup, (and don't spit in it) Yanks.....

    Mar 01st, 2013 - 04:10 pm - Link - Report abuse 0
  • Pirate Love

    we all know this is all going to end badly for argentina, wether it be today, tomorrow or next year, best to sit back and enjoy the show.
    If i was argentine i would be pulling all my savings from the banking system in dollars and fill my matress, save the pesos for emergency toilet roll or picking up my dogs sh*t with.

    SELF-DETERMINATION.....clocks a ticking!

    Mar 01st, 2013 - 04:12 pm - Link - Report abuse 0
  • Gordo1

    Think - are you as naive as you would pretend to be?

    If the parties to a legal contract agree to submit to a particular jurisdiction for interpretation of the terms of that contract BEFORE the contract is validated by the signatures of the parties to that contract once the contract is signed then the selected jurisdiction controls the legal interpretations. In this case Argentina agreed to the jurisdiction of the State of New York and MUST respect the decisions of its courts.

    It may appeal to the highest court of that jurisdiction in an effort to exhaust its arguments but once it reaches the highest level and judgement continues to be against them - there is no way out. This is nothing to do with being pro or anti Argentina - that is the application of the law which is recognised world wide and valid for everyone with no exceptions, not even Argentina.

    By not accepting these circumstances Argentina will become even more of a pariah nation than it already is.

    Mar 01st, 2013 - 04:42 pm - Link - Report abuse 0
  • andy65

    Think Stink,So would you argue that black was white???? I keep telling you Kirchners way is MY WAY OR NO WAY she resembles a tyrant

    Argentines need to get a grip YOUR PROBLEMS are YOUR PRESIDENT If we can all see it why can't you?????????

    Mar 01st, 2013 - 04:55 pm - Link - Report abuse 0
  • Conqueror

    @3,17 This is so easy. Identify states capable of honesty enforcement. Execute those in “questionablle” territories. Should get rid of around 40 million argies.?

    Let's be sensible. Do what we can do. Destroy argieland. Destroy north korea. Destroy anything else we don't fancy. Bangladesh, India, Pakistan, anywhere nearby!

    Mar 01st, 2013 - 05:00 pm - Link - Report abuse 0
  • andy65

    But why does Argentina constantly see itself as THE VICTIM

    Mar 01st, 2013 - 05:01 pm - Link - Report abuse 0
  • Gordo1

    Because they are so arrogant they see themselves as faultless - so everybody else is to blame for their shortcomings! Simple!

    Mar 01st, 2013 - 05:12 pm - Link - Report abuse 0
  • txiki

    I think the biggest problem for CFK is that she cannot “Democratise” a foreign court like she is trying to do at home.

    Mar 01st, 2013 - 05:12 pm - Link - Report abuse 0
  • andy65

    All the more she gets the slap down she so richly deserves,we have had to listen to her crap for to long now

    Mar 01st, 2013 - 05:21 pm - Link - Report abuse 0
  • Captain Poppy

    Two days later:

    http://www.buenosairesherald.com/article/125328/us-appeals-court-asks-argentina-for-payment-plan

    #17 ARgentina cuts off it's nose just to spite it's face on a daily basis.
    #20 Argentina's problems arte deeper than their president. When she is gone...peronism still remains.

    #24 it sounds so currupt when they use that term, democratize.

    Mar 01st, 2013 - 05:28 pm - Link - Report abuse 0
  • Think

    Prize turnip, poster (21) has finally arrived......
    Now this British Turnip Patch is complete!

    Mar 01st, 2013 - 05:31 pm - Link - Report abuse 0
  • andy65

    @Think - Stink,All you ever talk about is turnips they are obviously a large part of your diet you need to try answering some of the points put to you instead of talking shit which obviously comes through eating to many turnips

    Mar 01st, 2013 - 05:38 pm - Link - Report abuse 0
  • mastershakejb

    UK and USA built the global financial system and all the rules in it. Argentina is just a player, at best. We are the referees. We make the rules, you just play by them, Argies. You play by OUR rules, are you get kicked out of the game.
    Don't like it? LOL TOO BAD!

    Mar 01st, 2013 - 05:38 pm - Link - Report abuse 0
  • reality check

    Never mind Christina. There's always Wonga.com.

    Mar 01st, 2013 - 05:43 pm - Link - Report abuse 0
  • agent999

    @ Think

    It is a poor effort to resort to insults when your run out of any sensible responses to any debate.

    Mar 01st, 2013 - 05:46 pm - Link - Report abuse 0
  • MrFlagpole

    @17 think

    I can see why you wouldn't think of this, but in the civilized world the legislature doesn't actually interfere with the judiciary.

    Mar 01st, 2013 - 06:02 pm - Link - Report abuse 0
  • Think

    TWIMC.....

    Turnips keep appearing and their comments get better and better.....
    Brainwashed Turnip poster (32) Mr Flagpole is the best one yet....

    Mar 01st, 2013 - 06:23 pm - Link - Report abuse 0
  • Captain Poppy

    Markets have every right to fear. Argentina already said they will not voluntarily paid MNL. The courts just asked for an alternative payment plan includng the holdouts by March 29. So either they submit a plan on the 29th, or the markets for argentine junk bonds will totally collapse.

    http://www.reuters.com/article/2013/03/01/argentina-debt-idUSL1N0BT99G20130301

    Mar 01st, 2013 - 06:29 pm - Link - Report abuse 0
  • andy65

    @Think Stink. GROW UP, the only brainwashing that goes on is in Argentine primary schools thats why you all grow up talking stupid.
    Do us all a favour or infact do your dear lady Queen Kirchner a favour and move back home to Argentina and work hard to help pay taxes to pay of your countrys debts,now does that sound like a good idea????

    Mar 01st, 2013 - 06:29 pm - Link - Report abuse 0
  • Captain Poppy

    Isn't funny how all these diehard Argentine Kirchner supporters do not live in Argentina?

    Enough said, as that speaks volumes about these trolls.

    Mar 01st, 2013 - 06:38 pm - Link - Report abuse 0
  • briton

    And is it not you argie trolls that say we are finished,

    Argentina is going under, bad leader, bad government,
    Bad decisions,
    Bad debts , bad friends ,
    Still….
    Apart from that, your doing well,
    Keep up the good work..
    .

    Mar 01st, 2013 - 07:11 pm - Link - Report abuse 0
  • Think

    Ahhhhhh

    No British Turnip Patch is ever complete without Mr. Briton's mellow THC comments.....
    Don't bogart it, my friend..... pass it over!

    Mar 01st, 2013 - 07:16 pm - Link - Report abuse 0
  • Captain Poppy

    For those who don't know, the courts ordered a alternative payment plan and Kirchner said she will pay MNL

    www.reuters.com/article/2013/03/01/argentina-debt-president-idUSL1N0BT2HQ20130301?feedType=RSS&feedName=marketsNews&rpc=43

    How do argentine's spell capitulate? K-I-R-C-H-N-E-R pronouced asslips

    Mar 01st, 2013 - 07:21 pm - Link - Report abuse 0
  • slattzzz

    Stink I don't know why your so bothered you don't even FOOKIN live there you lowlife, all your gobbing off and you don't even pay taxes to help your own people out but instead feed off the people you slag off. Sad individual

    Mar 01st, 2013 - 07:22 pm - Link - Report abuse 0
  • Orbit

    I suspect the FI defences are on very high alert. CFK will be looking for a “Hail Mary” distraction to get her out of this mess.

    Mar 01st, 2013 - 07:25 pm - Link - Report abuse 0
  • ChrisR

    Don't you just love it when some Argentine crook (BowWow) and his easily led sidekick (Lorenzino) from the shit house that is Argentina under TMBOA, try (via lawyers) to tell a senior American Judge what she must do and not do?

    It's so funny, especially when The Turnip In Chief tries to stick his oar in and as usual makes matters far worse.

    LOLs

    Mar 01st, 2013 - 07:25 pm - Link - Report abuse 0
  • Think

    And the Turnips keep marching in......

    Mar 01st, 2013 - 07:32 pm - Link - Report abuse 0
  • briton

    38 Think
    British Turnip Patch
    Mmmm
    Hardy, strong, viable, and tasty, if you like turnips,

    But she has to learn, like the rest of us,
    Money borrowed must be paid back, no matter how much it hurts,
    Every decision has consequences.
    But thanks for the message,

    p/s
    what is THC,
    .

    Mar 01st, 2013 - 07:33 pm - Link - Report abuse 0
  • DanyBerger

    Ha ha

    The court of NY and VF powerless and the VF if they get any payment would be under Argentina's conditions.

    Now lets wait a see what Britons will do when they have to restructuring their debt. Sure Powerless Britain will have to accept all the conditions imposed by the lenders.

    May be would be a good time to buy defaulted Brits gilts and ask for full payment in courts...

    Mar 01st, 2013 - 08:00 pm - Link - Report abuse 0
  • briton

    lets wait a see what Britons will do when they have to restructuring their debt.
    ////////////////////
    this has nothing to do with britain, stop changing the subject,

    THC
    The honest comment lol.

    Mar 01st, 2013 - 08:03 pm - Link - Report abuse 0
  • Captain Poppy

    Argentine trolls just refuse to accept their own fate. Argentina lost ....asslips capitulated becasue she knew how bad this would be in the short and long term.

    http://online.wsj.com/article/BT-CO-20130301-710259.html

    “The judges turned down Argentina's request that it review its own panel decision upholding the Griesa ruling, but has yet to determine if it will grant a hearing before the full chamber”

    She must have the biggest balls of any man in argentina!

    Mar 01st, 2013 - 08:11 pm - Link - Report abuse 0
  • Cond0rito

    Comment removed by the editor.

    Mar 01st, 2013 - 08:33 pm - Link - Report abuse 0
  • Captain Poppy

    Sussie welcome back coming to visit me in Boston?

    Mar 01st, 2013 - 08:40 pm - Link - Report abuse 0
  • Britworker

    Being on the default, set Argentina back another 10 years. At this rate it will be the Falklands who will be running Argentina. I don't like the name Argentina, how about Queen Camilla Land! Lol.

    Mar 01st, 2013 - 09:32 pm - Link - Report abuse 0
  • MrFlagpole

    @50

    Excellent point. When the oil money kicks in they could buy the whole country.

    Mar 01st, 2013 - 09:51 pm - Link - Report abuse 0
  • _INTROLLREGNVM_

    3am on wednesday and WINE was flowing through the streets! Beautiful women from arond the corner and around the world dressed in sticky summ rtime outfits... classical/tango music everywhere, people eating, people dancing. Food festivals, rock concerts on every square. One of the world's biggest wine tastings (three city blocks)... parades tonight and tomorrow, grand theatrical events, Queen of the Harvest coronation, the Gay Vendimia, Lesbian Vendimia, Handicapped Vendimia, Children's Vendimia...

    Far far away from those awful places that have triple dip recessions, 25% unemployment, terrorism, independence movements, political gridlock, sequestration, austerity, mass-shootings, fires, plagues, blizzards, and just overall miserable living. And the people that live in those forsaken nations don't help by being immoral, evil, and sour.

    See ya.. time for the Parade of Lights, and then another three or four bottles of wines.

    Mar 01st, 2013 - 10:34 pm - Link - Report abuse 0
  • Troy Tempest

    @52 troll

    Off-topic.

    Get a life.

    Mar 01st, 2013 - 10:42 pm - Link - Report abuse 0
  • _INTROLLREGNVM_

    Troll?

    Have more respect... The world is right now in an Introllregnum. Enjoy the pause, a new leader will be elected soon to educated you all.

    Mar 01st, 2013 - 10:45 pm - Link - Report abuse 0
  • Optimus_Princeps

    @52 Awesome. Sounds like the after party after hanging the Kirchner's from a noose, and locking up her club of politically retarded scum bags, who rape, kill and steal freely without legal repercussions.

    How about we elect someone sane with a real law degree, without botox, and knows a thing or two about economics. Then we'll have that party that you talked about.

    Mar 01st, 2013 - 10:56 pm - Link - Report abuse 0
  • _INTROLLREGNVM_

    @55

    Go ahead, as long as whomever you want doesn't sell us out to foreigners, be my guest. They will be invited just like CFK is. Mendoza is a non-partisan province, all presidents are welcome and have come to the party.

    Mar 01st, 2013 - 11:00 pm - Link - Report abuse 0
  • MrFlagpole

    @52 troll

    A cold day in blighty, and I wouldn't trade it for the world. Always remember, we won, you lost, and the falklands will always belong to the islanders.

    But who's keeping score, right?

    Mar 01st, 2013 - 11:28 pm - Link - Report abuse 0
  • Ayayay

    X )

    Mar 01st, 2013 - 11:30 pm - Link - Report abuse 0
  • Clyde15

    #52
    “See ya.. time for the Parade of Lights, and then another three or four bottles of wines.”

    I understand you now. You are an alcoholic ! You post in an alcoholic stupor. This explains your mood swings and persecution mania. If you reach the age of 40 it will be a miracle.

    Mar 01st, 2013 - 11:42 pm - Link - Report abuse 0
  • Malvinero1

    I predict a Argentina will receive a very large daily fine for not complying with the court order, say U$50K/day.
    And I predict that the uk is FINISHED...
    http://www.youtube.com/watch?v=XbLfje8_jgI

    The Dollar is Toilet Paper .
    http://www.youtube.com/watch?v=XbLfje8_jgI
    HAHAHAHA poor deluded pirates....They are FINISHED noo body gives a damn about them...

    Mar 02nd, 2013 - 12:02 am - Link - Report abuse 0
  • Steveu

    Next stop, Zimbabwe!

    Mar 02nd, 2013 - 12:02 am - Link - Report abuse 0
  • Ayayay

    Greece & Argentina, the best partiers!!

    Mar 02nd, 2013 - 03:23 am - Link - Report abuse 0
  • y0nkeeboy

    Comment removed by the editor.

    Mar 02nd, 2013 - 03:34 am - Link - Report abuse 0
  • Captain Poppy

    sussie move back

    Mar 02nd, 2013 - 03:57 am - Link - Report abuse 0
  • reality check

    @39 Cap

    Love this bit, “Had faith and took a chance on Argentina.”

    Yeah, and were robbed blind for doing it!!!!!!!

    Mar 02nd, 2013 - 05:05 am - Link - Report abuse 0
  • mastershakejb

    lol, if USA is flat broke, then why do you want their dollars SOOOOO badly?! Why did your government have to criminalize the purchase of them? LOLLERS

    Mar 02nd, 2013 - 05:12 am - Link - Report abuse 0
  • reality check

    Argentina thanks them for accepting a 75℅ loss on their investments. They reply, “fuck you, you thieving bastards!'”

    Mar 02nd, 2013 - 05:20 am - Link - Report abuse 0
  • agent999

    @ 56 _INTROLLREGNVM_

    Why do your accounts keep getting banned ??????

    Mar 02nd, 2013 - 06:30 am - Link - Report abuse 0
  • Conqueror

    @26,34,39 Thanks for the links. Looks like the NYC court is giving argieland every opportunity to be honest for a change. And argieland continues to be the same cheating, thieving, crooked place it's been for around 100 years. Is there an international equivalent of the bailiffs? Presumably the court could order that every argie asset outside of argieland itself be seized? Didn't I read somewhere that argieland has various bank deposits around the world?
    @45 According to research, there are a number of options. These include freezing and then seizing assets, undermining the debtor state's monetary sovereignty and declaring war. Which one do you fancy?
    @54 Pisshead.
    @60 Record of argie sovereign defaults: 1827, 1890, 1951, 1956, 1982, 1989, 2002-2005, 2013. Impressive.....NOT!

    Mar 02nd, 2013 - 01:43 pm - Link - Report abuse 0
  • Captain Poppy

    She has said over and over and over, along with her flying monkey lorenzo.......“the vultures will not get one cent....NEVER” She said that at a speech at the G20 last year....in Boston....at the UN everywhere she went. Now, in order to avoid total and complete isolation, she is willing to pay the vultures the same as the restructured bond holders.....to me that is more than a cent!
    The trolls will be out in full saying they always said they would pay them. Of course is does not matter what they say because kirchner is the liar in chief:

    http://www.buenosairesherald.com/article/125325/were-willing-to-pay-vulture-funds-but-on-equal-conditions-to-other-bondholders-

    Apparently she sees the reality in the trade figures. Looking at the flowing charts of trade and January having the lowest surplus at 280 million. Now that February is over, I can hardly wait to see those numbers. I am guesinng that they may have hit their first deficit in come time. But that is easy to do when someone like a peronist mismagaes a country:

    http://www.buenosairesherald.com/article/125325/were-willing-to-pay-vulture-funds-but-on-equal-conditions-to-other-bondholders-

    Mar 02nd, 2013 - 03:06 pm - Link - Report abuse 0
  • ChrisR

    @70 Captain Poppy

    But let us not forget that INDEC compile these data.

    Have a look at the moving average option: it could well be negative now in reality as distinct to argie fantasy.

    Mar 02nd, 2013 - 04:10 pm - Link - Report abuse 0
  • reality check

    The end is near and she knows it. Expect more false commitments in a futile attempt to stave off the inevitable.

    Mar 02nd, 2013 - 04:38 pm - Link - Report abuse 0
  • Captain Poppy

    I am assuming it already is, but for the sake of optimistic argument purposes, which the trolls will take that position. I know some fairly ego-maniacal people, but even they know when they are lip deep in shit soup when it's time to make adjustments. She still refuses to believe she can be wrong.......but, who cares I guess. I mean, Hitler also thought he can never be wrong and even his generals who most were afraid to speak there mid knew he was wrong. They all got what they deserved in the end. Kirchner should learn that history teaches to those who listen to it's callings.

    Mar 02nd, 2013 - 07:35 pm - Link - Report abuse 0
  • olibeira

    Argentina defaulted in 2003. I guess its time for the remaining bondholders to accept they're not getting anything above the offer made to the other creditors.

    They can spend their money but in the end no court will side with them.

    CFK wins again. The vultures lose.

    Mar 02nd, 2013 - 09:34 pm - Link - Report abuse 0
  • Clyde15

    #74
    We will find out when the judgement is given. Until then it is speculation - not fact.

    Mar 02nd, 2013 - 09:45 pm - Link - Report abuse 0
  • olibeira

    The fact is that they are trying this for about 10 years and they've got a bunch of nothing. That sounds about right. Lets keep the charade going.

    Mar 02nd, 2013 - 09:50 pm - Link - Report abuse 0
  • reality check

    So it's okay to lend you people a dollar when you need it, then you to pay 20c back. That's okay is it? you feel no shame in that? It's okay to lend you a dollar and for you to say, the others took 20c you should do the same. It's okay for you to say, lend us the dollar and we might, just might pay you back. It's okay when you do not pay it back to blame the person who lent it to you for having misplaced faith in lending it to you. It's okay to sign your name to a contract and cheat on it. It's okay that your very name is associated with dishonesty.

    It's okay then, that the next time you want a dollar, you are not going to it,

    Mar 02nd, 2013 - 11:28 pm - Link - Report abuse 0
  • Captain Poppy

    #74 2/3 of the restructured bondholders are Argentine's so she only did what she has been doing all along, screwing Argentine's.

    #77 there is no level of shame they can sink too or sense of responsibility for a kirchnerite or peronist.

    Mar 02nd, 2013 - 11:49 pm - Link - Report abuse 0
  • olibeira

    Some people talk like Argentina is the only country to have defaulted in the world history.

    They did what they believed was the best for the country. No one can't deny that Argentina was heavily indebted. I don't think they couldn't avoid a default because the cost of paying all the debt would be to squeeze the economy with more taxes.

    I'm sorry for the people who lost their savings but I cannot be sorry for the funds that have acquired the bonds after the default. They were playing with fire so I think is only fair if they don't receive a cent.

    Mar 03rd, 2013 - 12:05 am - Link - Report abuse 0
  • Captain Poppy

    The real issue is that they did not sit down with the bondholders and negotiated a settlement. They dictated, and mostly to their own people terms. Kirchner's are irresponsible in everything they do. Argentina is in the same state as Chubby Chavo. It is simply amazing what South American's will accept. Not to mention that they believe they have democracy.

    Mar 03rd, 2013 - 12:57 am - Link - Report abuse 0
  • olibeira

    93% accepted the offer. I rest my case.

    The ones who didn't accept are going to get 0.

    At least they will learn a valuable lesson.

    Mar 03rd, 2013 - 01:00 am - Link - Report abuse 0
  • Troy Tempest

    @81 oli- troll

    “93% accepted the offer. I rest my case.

    The ones who didn't accept are going to get 0.

    At least they will learn a valuable lesson.”

    But you have NOT PAID ANYONE, EVEN THE 93%, A PENNY YET.

    So it's all a moot point, right!

    Mar 03rd, 2013 - 01:24 am - Link - Report abuse 0
  • olibeira

    Wtf? The 93% are being paid. The will get about 30% face value.

    Mar 03rd, 2013 - 01:26 am - Link - Report abuse 0
  • Captain Poppy

    Troy don't bother arguing with olibeira, he believes chubby will be resurrected with chubbies deadly form of cancer. CNN CHile reported him dead

    Mar 03rd, 2013 - 02:01 am - Link - Report abuse 0
  • olibeira

    CNN Chile aka lier Guillermo Cochez.

    Mar 03rd, 2013 - 02:02 am - Link - Report abuse 0
  • Captain Poppy

    oliberia.....the sun really does not revolve around earth

    Mar 03rd, 2013 - 02:03 am - Link - Report abuse 0
  • olibeira

    What about your lies?

    What about the lack of evidence?

    You're screwed.

    Chavez is alive.

    Mar 03rd, 2013 - 02:05 am - Link - Report abuse 0
  • Captain Poppy

    I am screwed how?

    Mar 03rd, 2013 - 02:06 am - Link - Report abuse 0
  • olibeira

    Because things are not turning out very good for you.

    Chavez is alive.

    You're pissed off. Lol.

    Mar 03rd, 2013 - 02:08 am - Link - Report abuse 0
  • Captain Poppy

    hardly pissed off. But the Argentine's are that live under the dictator asslips kirchner are pissed off. She screwed everyone there. Even her neighbors are getting sick of her. Ousted from the G20 will come the end of this year.

    Mar 03rd, 2013 - 02:11 am - Link - Report abuse 0
  • olibeira

    Keep dreaming.

    Argentina is good so you can save your spin because no one sane will believe you.

    You're just a guy with a bad understanding of reality.

    Mar 03rd, 2013 - 02:14 am - Link - Report abuse 0
  • Captain Poppy

    No one but the entire world thinks Argentina is doing well. Get out and travel. I am done with you. I can't argue against stupidity....you win

    Mar 03rd, 2013 - 02:16 am - Link - Report abuse 0
  • olibeira

    If you don't like the truth you can always say its lie. That's your motto.

    Mar 03rd, 2013 - 02:19 am - Link - Report abuse 0
  • Captain Poppy

    http://guardianlv.com/2013/02/hugo-chavez-dead/

    Mar 03rd, 2013 - 02:29 am - Link - Report abuse 0
  • olibeira

    The source is always the same.

    The same lier.

    The same lie.

    Mar 03rd, 2013 - 02:32 am - Link - Report abuse 0
  • Captain Poppy

    http://www.liveleak.com/view?i=fc3_1359002264

    Mar 03rd, 2013 - 02:32 am - Link - Report abuse 0
  • olibeira

    Can't they film that in HD. Its 2013. Lol.

    Keep lying troll.

    Mar 03rd, 2013 - 02:34 am - Link - Report abuse 0
  • Captain Poppy

    RIP chubby.....the devil wants your ass

    Mar 03rd, 2013 - 02:35 am - Link - Report abuse 0
  • olibeira

    You can't even argue.

    Damn, you are really pissed off.

    Mar 03rd, 2013 - 02:37 am - Link - Report abuse 0
  • Captain Poppy

    actually A am laughing. mostly at you, you really lightened my boring night

    Mar 03rd, 2013 - 02:41 am - Link - Report abuse 0
  • olibeira

    Correction: I screwed your night.

    Mar 03rd, 2013 - 02:44 am - Link - Report abuse 0
  • Captain Poppy

    Sure if that is what you think. But the fact is you broke the monotony of writing a report for Monday.....lol. It's not often I get to talk to a doltish sap as you.

    Mar 03rd, 2013 - 02:49 am - Link - Report abuse 0
  • brit abroad

    Dirty, lying, thieving RG's! One can only wish the worst for these corrupt monkeys!

    Mar 03rd, 2013 - 03:59 am - Link - Report abuse 0
  • Troy Tempest

    @101 oli troll

    “Correction: I screwed your night.”

    Such a nasty contrarian - delights in wishing ill to all.

    Reminds me of Hepatia, the Dutch Communist troll.

    Mar 03rd, 2013 - 04:49 am - Link - Report abuse 0
  • agent999

    @101
    to much red wine again

    Mar 03rd, 2013 - 09:09 am - Link - Report abuse 0
  • CaptainSilver

    Argentina is finished, washed up, screwed knackered, finished.

    Argentinas government is corrupt

    Argentina will never get the Malvinas because its forces are all pussies and because the Islanders and Britain are strong

    Mar 03rd, 2013 - 11:15 am - Link - Report abuse 0
  • Conqueror

    @74 Nope.
    @79 Nope.
    @81 Yep. Screw defaulters and crooks into the ground.
    @83 Not enough.
    @84 I read the article. It says he's been brain dead since December. That's wrong. He's been brain dead for years.
    @91 Are you an argie? By the end of the year, you'll be eating grass!
    @101 Here's a thought. Belligerent, corrupt, criminal, genocidal, mendacious, tyrannical argieland has been defeated by around 2,500 Falkland Islanders. Might be a good time for Patagonia to start thinking about independence and expelling the argie murderers.

    Mar 03rd, 2013 - 01:15 pm - Link - Report abuse 0
  • ChrisR

    Has anyone any idea who this stupid pillock olibeira is?

    He writes like TTT when he is depressed, surely TTT hasn't left TMBOA for Chile?

    Mar 03rd, 2013 - 03:50 pm - Link - Report abuse 0
  • agent999

    @108 ChrisR
    could be a case of a hangover and too much waiting at tables during the wine festival.

    Mar 03rd, 2013 - 03:53 pm - Link - Report abuse 0
  • Captain Poppy

    Maybe olibeira is toby poisoned on his mendozan wine from that huge wine festival......lol

    Tinman smells oil.....I smell desperation.

    Mar 03rd, 2013 - 06:55 pm - Link - Report abuse 0
  • agent999

    @110
    pretty po0r response, must be the hangover

    I see you have another 2 days holiday next week with the teachers on strike again.

    Mar 03rd, 2013 - 07:50 pm - Link - Report abuse 0
  • Troy Tempest

    @109 agent

    “could be a case of a hangover and too much waiting at tables during the wine festival.”

    Reveling in the wine and the economic freedom to drain the unfinished dregs of the patrons wine-glasses, as he returns the dirty dishes to the kitchen. LOL!!

    Hangover for Toby and probably herpes sores and chancres in his mouth, too.

    Mar 03rd, 2013 - 09:36 pm - Link - Report abuse 0
  • olibeira

    You guys are really desperate.

    I mean. Argentina is growing.

    The holdouts are not getting anything.

    You can keep insulting me but the fact is that you have been defeated.

    Mar 04th, 2013 - 01:19 am - Link - Report abuse 0
  • Captain Poppy

    where is your data that Argentina is growing? Bring data or go back to your cave. When the holdouts get paid will you bend over and kiss you ass rather than Kirchner's? Draw a crowd too at Plaza de Mayo

    Mar 04th, 2013 - 03:06 am - Link - Report abuse 0
  • Troy Tempest

    @113 oily troll

    “You can keep insulting me but the fact is that you have been defeated”

    -- says the troll in the bottom of the toilet. ;-)

    Mar 04th, 2013 - 03:45 am - Link - Report abuse 0
  • Ayayay

    @108 It's an effortless TTT.

    Mar 04th, 2013 - 04:24 am - Link - Report abuse 0
  • Troy Tempest

    TTT is conspicuously absent.

    However, I didn't think he could make several consecutive posts without whipping out the thesaurus.

    :-)

    Mar 04th, 2013 - 04:51 am - Link - Report abuse 0
  • Clyde15

    #113

    Not fact - your opinion.

    Mar 04th, 2013 - 10:40 am - Link - Report abuse 0
  • Captain Poppy

    olibeira has problems knowing what a fact is. It always has for them and never provides them.

    Mar 04th, 2013 - 11:00 am - Link - Report abuse 0
  • yankeeboy

    I mean. Argentina is growing.

    Not anywhere I have read
    Show me some links

    Mar 04th, 2013 - 02:08 pm - Link - Report abuse 0
  • olibeira

    Argentina is growing.

    That's a fact.

    It doesn't matter what you think.

    The facts are there.

    Only a complete moron can say otherwise.

    But I guess you trolls fit in that category.

    Mar 04th, 2013 - 11:51 pm - Link - Report abuse 0
  • Ayayay

    @120

    121 is TTTs 'effortless' screen persona :)

    Mar 05th, 2013 - 01:48 am - Link - Report abuse 0
  • Captain Poppy

    where are the facts? none!

    no facts.....

    OUCH! That has to hurt.

    Mar 05th, 2013 - 01:51 am - Link - Report abuse 0
  • olibeira

    Captain Poppy, you're just a deluded individual.

    You can't fight the truth.

    Mar 05th, 2013 - 06:58 pm - Link - Report abuse 0
  • Clyde15

    #124
    From your other postings you have no concept of truth !

    That is also what we have been trying to tell you about the Falklands. Your president lies, your foreign secretary lies, your defence minister lies, Ms. Castro lies and you don't have a clue !

    Mar 05th, 2013 - 09:42 pm - Link - Report abuse 0
  • Captain Poppy

    La campora is taking a new tack with trolls like olieira. Just keep saying the most ridiculous things without anysupport, news links...nothing! Like a broken record.
    Bolivarian socialists education at it's finest.

    Mar 05th, 2013 - 09:53 pm - Link - Report abuse 0
  • Anbar

    I'm a complete mormon.

    Please help me understand how Argentina is growing by posting the links to prove this for me & everybody else like me!

    Mar 07th, 2013 - 11:09 pm - Link - Report abuse 0

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