MercoPress. South Atlantic News Agency
US hedge funds reject Argentina’s offer to settle defaulted sovereign bonds suit
Two US hedge funds suing Argentina for full payment on defaulted bonds rejected on Friday, President Cristina Fernandez government offer to settle the suit with a deal that would give them approximately 25% of what they were seeking. Read full article
Comments
Disclaimer & comment rulesWell there is a surprise!
Apr 20th, 2013 - 10:37 am - Link - Report abuse 0Not!
Rut ro
The only U$45 B CFK has is in her own personal account
do you think she'll use that?
yeah sure
Cristina's gonna need another facelift surgery to pick her spirits back up after this
Apr 20th, 2013 - 11:43 am - Link - Report abuse 0Keep the heat on the KFC clique. Sweat them until they pay up.
Apr 20th, 2013 - 11:58 am - Link - Report abuse 0It keeps this shabby regimes underhand financial dealings in the spot light as a continual warning to all other international institutions.
Drag it out Pinocho, your reputation is further debased.
Aaaa mageddon!!!!
Apr 20th, 2013 - 01:18 pm - Link - Report abuse 0Doesn't JT3 want “isolation”? Then let argieland have true isolation. Make it impossible for argieland to buy or sell ANYTHING until it pays its debts. Apply the same sanctions to any other country found trading with it. WHEN its debts have been paid, we can address the situation of the Exchange Bondholder Group. Probably by demanding that argieland pays it the money that was stolen by argieland's “restructuring”. 10% of the stolen amount, plus interest, every year for the next 8-10 years?
Apr 20th, 2013 - 02:03 pm - Link - Report abuse 0Comment removed by the editor.
Apr 20th, 2013 - 02:04 pm - Link - Report abuse 0Well, well the day of judgment is coming up on you with al the righteousness and vengeance of capitalism which you like or otherwise you wouldn’t take the money the day of reckoning is here to the most legally demanded country on the history of modern finance espending 250.000.000 million a year in legal fees to protect a liability of 500.000.000.000 billion dollar.
Apr 20th, 2013 - 04:53 pm - Link - Report abuse 0Argentina you are a sovereign thief.
Actually #7 I truly doubt the legal expenses are so high, but in any case, I suspect CFK will somehow get away with not paying all that is owed. Sort of debt forgiveness. The problem is of course that they will have a devil of a time securing new lines of credit.
Apr 20th, 2013 - 06:57 pm - Link - Report abuse 0send em to prison
Apr 20th, 2013 - 07:19 pm - Link - Report abuse 0stright to prison,
and do not collect $200 when ya pass go.
,,,,,,
still,
sooner or later, punnishment will be served ? cold..
Well, why would they accept 25% returned on the money they loaned!?
Apr 20th, 2013 - 08:15 pm - Link - Report abuse 0The country has the money in its reserves, it just refuses to part with it.
IMO they are absolutely right to go to the wire on this one.
Comment removed by the editor.
Apr 20th, 2013 - 09:02 pm - Link - Report abuse 0actually #8 I should correct that figure, that figure could potentially be that amount and represent s the 11 years of legal fees plus adding the future if they pursue until the end which they will lose of course and their total liabilities could get 1/2 trillion dollars I read that in the wall street journal a year ago. (I wonder myself if those figure are correct or they made a mistake)
Apr 20th, 2013 - 10:36 pm - Link - Report abuse 0The impunity of money-making Kirchnerites
Apr 20th, 2013 - 10:49 pm - Link - Report abuse 0http://www.buenosairesherald.com/article/128972/where-there’s-muck-there’s-brass
Great article #13 in another words Argentina is being isabelaite remeber isabel Peron?
Apr 21st, 2013 - 12:48 am - Link - Report abuse 0The default edgeth closer. Then the riots, then coup, then 10 years of obscurity, then we want our islands back.
Apr 21st, 2013 - 10:56 am - Link - Report abuse 0The Argentine circle if life.
CFK: Read your bond's conditions carefully...
Apr 21st, 2013 - 03:47 pm - Link - Report abuse 0“Pari Passu” (or, equale terms for all) is only applicable in a case of Bankruptcy and could be applied by the power of the receivership, Or upon mutual agreement of ALL involved.
Are you declaring bankruptcy? or are you becoming the head of the new International “Persian Market?”...But if you do you are bound to fail as you do as a president! A true street dealer will never srart at 25%, of face value, start at 5%. You can always raise your offer, but you can never lower it...
I do cry for you Argentina.
ah, but but but-
Apr 21st, 2013 - 07:41 pm - Link - Report abuse 0can she read lol.
Will Argentina be declare a failed state like Somalia who just got back international credit?
Apr 21st, 2013 - 10:24 pm - Link - Report abuse 0pay back the money you spent, FULL STOP!
Apr 21st, 2013 - 10:37 pm - Link - Report abuse 0Don't you see this will hunt you on forever and ever and the consecuences of not keeping your word will doom you much more?
Oh! poor vulture funds still not a penny for their shitty scam.
Apr 22nd, 2013 - 09:41 am - Link - Report abuse 0Good Argentina has to refuse to pay to these crooks...
@20 If Cristina can steal from the elderly to pay for her plastic surgery, she can honor her debts. Also, if she wanted to deal with one part of the issue without paying a nickle, she would lock up Menem and his scum bags, but instead she's protecting him taking a few pages from his playbook.
Apr 22nd, 2013 - 12:05 pm - Link - Report abuse 0In the end, crime sometimes DOES PAY, although I think that history will not be kind to CFK or her party. As far as the economy, there will be continued inflation carefully obscured in official statistics which will cause increased sanctions from the IMF, but so what? Argentina's credit and reputation cannot really get worse and she's fighting for her domestic image, not international. (Ok, She's also in a big PR campaign with a few Latin nations as well, but she's hanging on... By a thread, but she's playing a risky game well. ) Am I defending her? No, of course not. In the end, I prefer Chile's course and the standing my nation has, but as Think once pointed out... Chile did basiclly steal the copper companies and after a lot of resulting pain, got away with it...
Apr 22nd, 2013 - 01:42 pm - Link - Report abuse 0Argentina will be brought to heel, whether it is this gov't or the next. It all depends on how much pain the people of Argentina are willing to stand.
Apr 22nd, 2013 - 01:50 pm - Link - Report abuse 0The positive trade balance has shifted
The import fuel bill is climbing faster than the exports
Very soon BCRA will not have the U$ to pay the Int'l debt
Very soon Hyperinflation will begin
So at some point the pain the Rgs take will be too much
The cracks are starting to show now
A24
The Argentine goverment are responsable for all debts,
Apr 22nd, 2013 - 05:58 pm - Link - Report abuse 0and therefore should pay up..
@19
Apr 23rd, 2013 - 07:35 am - Link - Report abuse 0Does your indignation apply only to Argentina or does it apply generally? If the later are you demanding that the UK stops welching and also repay its debts?
LOL at US debt higher than it's GDP.
Apr 23rd, 2013 - 02:17 pm - Link - Report abuse 0the UK stops welching and also repay its debts?
Apr 23rd, 2013 - 06:52 pm - Link - Report abuse 0would one care to name this debt ?
#27
Apr 23rd, 2013 - 10:36 pm - Link - Report abuse 0Well, they did cause a lot of damage to the armed forces of a particular country in 1982 and never paid for it...
;)
@27
Apr 24th, 2013 - 07:22 am - Link - Report abuse 0There a a number of implicit and explicit debts the UK needs to pay. Start with the default of the 1930s.
@29
Apr 24th, 2013 - 08:31 am - Link - Report abuse 0A! explain?
28-29
Apr 24th, 2013 - 06:32 pm - Link - Report abuse 0name em.
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