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US government intervenes in favor of Argentina in defaulted-bonds ongoing case

Saturday, December 7th 2013 - 06:08 UTC
Full article 13 comments

The US government has asked the US Supreme Court to intervene over a hedge fund's effort to gain information about Argentina's non-US assets as part of an ongoing litigation, which is rapidly becoming a lead case regarding sovereign assets and sovereign debts rescheduling. Read full article


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  • Think

    More good news for Argentina.....

    Article says...:
    “ The hedge fund, NML Capital, a holder of Argentine bonds, wants repayment in full....”

    I say...:
    Meanwhile, in Ghana, the poor sods are still waiting for the Yankee lawyers to show up and pay the 8 million dollars NML Capital owes them......

    Dec 07th, 2013 - 09:24 am - Link - Report abuse 0
  • yankeeboy

    It looks to me that the doggy K is finally realizing the USA is their master and will pay off all these pesky holdouts Paris club etc with an IMF loan next year.
    It'll be too late tho.
    The economy is already destroyed and there's no fixing it now.

    Dec 07th, 2013 - 11:38 am - Link - Report abuse 0
  • GeoffWard2

    Well, I guess we can't have people knowing who really holds the assets, can we?
    Too much information for us poor people. Perhaps the NSA are the only ones capable of winning the info and keeping it quiet ;-)

    Dec 07th, 2013 - 12:20 pm - Link - Report abuse 0
  • Think

    ( 3 ) GeoffWard2

    It's NOT “us poor people”, Geoff...........................................................
    It's “us little people”................................................................

    Dec 07th, 2013 - 12:42 pm - Link - Report abuse 0
  • yankeeboy

    Scotus is probably getting very tired of arg clogging up the docket with these ridiculus lawsuits. My guess is they won't take up the case since it looks like this will be resolved shortly with arg paying what the owe. In full with intetest penalties and legal fees.

    Dec 07th, 2013 - 01:13 pm - Link - Report abuse 0
  • Don Alberto

    Donald Verrilli should be very cautious or he may find himself liable to pay the Argentine debt to the hedge fonds. He seems to be ill informed of the extent to which the Argentine state's waived its rights.

    Dec 07th, 2013 - 01:35 pm - Link - Report abuse 0
  • Conqueror

    @4 At what point in time did argies care about “us little people”? After all, it was ”little people, they stole the money from!

    Dec 07th, 2013 - 02:42 pm - Link - Report abuse 0
  • GeoffWard2

    Speaking for myself, Think, I got it right the first time; but you learn to live with either ... you do when you're retired.

    Dec 07th, 2013 - 04:23 pm - Link - Report abuse 0
  • Think

    (8) Now, now Geoff........... Stiff upper lip, young chap...
    Let's have a good material look around ourselfs...
    We ain't really poor, are we...?

    Let's now take a good look inside....
    Woooow... We're rich, mate...

    Dec 07th, 2013 - 05:00 pm - Link - Report abuse 0
  • Briton

    On a very lighter note,
    When an admirer come to CFK;S rescue,
    One has to wonder what he is after,
    Rather than you thinking he is merely supporting

    In this case,
    Money speaks louder than action..
    just a thought..

    Dec 07th, 2013 - 07:42 pm - Link - Report abuse 0
  • Be serious

    You only sing when you're winning.
    Sing when you're winning.
    You only sing when you're winning.
    Typical Argy.

    Dec 08th, 2013 - 08:53 am - Link - Report abuse 0
  • Orbit

    Sure Think... The reputational and credibility damage is already done though. What Cfk owes the holdouts is chump change compared to what Argentina has lost in past and future opportunities.

    In a week that sees a junior oil producer seal 150 million of real money investment in the blink of an eye, you should consider whether the “successful lawyer” has been pursuing the right strategy.

    Dec 08th, 2013 - 04:20 pm - Link - Report abuse 0
  • Anbar

    I wont say “I told you so”...and I wont say “..and Yankee said they'd ”never interfere“ and I wont say I rather agreed with Think on this matter.... but i did, and I was born out to be spot-on despite the rabid nay-sayers and criers of ”Argentina is dooooomed Mr Mainwaring ” that flooded these pages....

    Argentina is not the relevant party in this... its the fat bankers pulling governmental strings....

    Dec 11th, 2013 - 08:04 pm - Link - Report abuse 0

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