MercoPress. South Atlantic News Agency
US Supreme Court confirms Argentina has friends in its litigation with hedge funds
The US Supreme Court has confirmed that Brazil, Mexico and France have officially presented their opinions on an appeal currently being studied in the judicial authorities, which relates to the litigation held against Argentina by the hedge funds which the administration President Cristina Fernandez refers to as 'vulture funds'. Read full article
Comments
Disclaimer & comment rules“Friends” who want their share of the ever diminishing pie.
Mar 27th, 2014 - 12:51 pm - Link - Report abuse 0Im sure 'el padre' also has some weigh in on this, along with the IMF, the Obamites, mercosur, Europe and then US private corporates tied in.
Mar 27th, 2014 - 12:57 pm - Link - Report abuse 0Too big a shockwave for too many big interests.
No need for new precedents shaking up the ocean.
NotMuchLuck will continue their 13 year fail.
2. You do realize that Argentina has lost every single case all the way up to SCOTUS.
Mar 27th, 2014 - 01:19 pm - Link - Report abuse 0They will lose again, SCOTUS will not care what the Administration or IMF thinks may happen.
Everyone knows Argentina is a scofflaw and run by crazies. This never should have made it this far most sane entities would have negotiated and put it behind them a decade ago.
3. Wheres the beef.
Mar 27th, 2014 - 01:25 pm - Link - Report abuse 0In your head?
Mar 27th, 2014 - 01:30 pm - Link - Report abuse 0The interest, penalties have been accruing for a decade. Everyday click click click.
Singer is a lot smarter than the marxist monkeys in Argentina.
In Jamaica in 2004, a coalition of Rastafari movement groups argued that European countries formerly involved in the slave trade, should pay 72.5 billion pounds sterling to resettle 500,000 Jamaican Rastafarians in Africa.
Mar 27th, 2014 - 01:53 pm - Link - Report abuse 0They're just racking up the clicks too.
6. Except they didn't win any judgements from US courts NOR have a signed contract to pay under NY/USA law.
Mar 27th, 2014 - 01:54 pm - Link - Report abuse 0So try again meat brain.
Argentina has friends in its litigation
Mar 27th, 2014 - 02:13 pm - Link - Report abuse 0Giving hope to a nation that has no intention of paying her debts, and thus will open the doors to all none paying nations, not to pay,
this, perhaps is one example that may well backfire if it was allowed to happen, and Argentina gets away without paying.
just me..
Vesitge is that really your best argument and analogy....comparing the slave trade of yesterday to signed and binding contracts between a country begging for money and investors?
Mar 27th, 2014 - 02:13 pm - Link - Report abuse 0I do not think you understand the precedent that would be set for deadbeat debtors if SCOTUS overlooked basic contract law.
Argentina may never pay them back. However, they will never be able to affordably borrow money. But....that being said, I do think that when a new President is bought in Argentina, with some reasonable economic understanding, he will negotiate with Singer's group.
@4 In incinerators. Not fit for human consumption.
Mar 27th, 2014 - 03:16 pm - Link - Report abuse 0@6 Most of them are dead now!
Shitlands will die soon. Argieland and scotland.
$0.00c
Mar 27th, 2014 - 03:17 pm - Link - Report abuse 011. Are you posting from the Tent of Dignity the teachers have put up?
Mar 27th, 2014 - 04:17 pm - Link - Report abuse 0Let's see food is up 90% yoy
Gas/Water now going up 20%
Nafta 50%
Teachers want 100% raise
I don't think the gov't has ever held out this long over union wages
I wonder what is different this time
bahahahaha
You dont know where I live.
Mar 27th, 2014 - 04:56 pm - Link - Report abuse 0And you're never going to profit from Argentinas default.
Your money is gone.
13 years isn't enough of a clue for you.
hohohohoho.
13. Tent of Dignity indeed.
Mar 27th, 2014 - 05:32 pm - Link - Report abuse 0That's what you get when you are deadbeat scofflaws.
And you're never going to profit from Argentinas default.
Mar 27th, 2014 - 06:19 pm - Link - Report abuse 0Comically it just keeps on giving! :)
14. You don't know where I am/from/my nationality.
Mar 27th, 2014 - 07:56 pm - Link - Report abuse 0Financially its never giving! :D
16. We all know who you are.
Mar 27th, 2014 - 08:00 pm - Link - Report abuse 0Tent of Dignity
Everytime I think of it I have to chuckle.
Looks like gas is going up 2-3x and water 3-4X
I hope the Rs like cold showers 1x a week or so.
Yankeeboy
Mar 27th, 2014 - 08:16 pm - Link - Report abuse 0Law off our Argentinian brothers...
Winter is coming and the end of subsidies is only the beginning of misery for them as supermarkets will have to raise food prices. Substantially!
Otherwise, the CFK government will have to assume the Venezuelan model.
Here in Chile, we're already seeing prices for many basic items rising.
The Argentine government is slowly but surely destroying everything it touches,
Mar 27th, 2014 - 08:38 pm - Link - Report abuse 0unless CFK supporters know something we don't.
:)
Mar 27th, 2014 - 08:53 pm - Link - Report abuse 0Precisely.
Mar 27th, 2014 - 08:58 pm - Link - Report abuse 0Just watched the film Imagining Argentina.
Mar 28th, 2014 - 07:06 am - Link - Report abuse 0I'm sure the inhuman Naval officer is “Vestige”
Guzman is “Think”
Lets see...
Mar 28th, 2014 - 07:24 am - Link - Report abuse 0If US courts ratify the previous ruling they will jeopardise all debt restructuring possible made under US law.
So billions of dollars will be lost for USAMEX based banks institutions.
And they have no way to make Argentina pay to the VF.
On the contrary if they rule in favour of Argentina, they will look weak and stupid as they already look like.
Ha ha
Dany, Are all Rgs are dumb as you are? It seems that they truly believe their own propaganda and that the rest of the world thinks and works like the f'ed up way Argentina works.
Mar 28th, 2014 - 10:54 am - Link - Report abuse 0It is very odd and I think the reason why most Rgs are so very unsuccessful outside of their own country.
The only Monkeys here are those funny creepy vultures. I think they should go to work! That will do them good, you never will get a penny from Argentina. So go and work...
Mar 28th, 2014 - 11:59 am - Link - Report abuse 0Brazil to sign new credit line with Argentina
Mar 28th, 2014 - 01:49 pm - Link - Report abuse 0“The fresh credit line, the amount of which depends on the demand of exporters and importers, would help eliminate most non-trade tariffs imposed by the Argentine authorities”
http://www.emergingmarkets.org/Article/3324376/Brazil-to-sign-new-credit-line-with-Argentina.html
25. Dam, It has been shown, and is a fact that Argentina can not borrow internationally without settling with all bondholders.
Mar 28th, 2014 - 02:00 pm - Link - Report abuse 0BCRA funds are quickly being depleted by supporting the failing peso and fuel imports.
Exports of mfg goods are dropping rapidly
So my little monkey tell me what is your solution to this problem?
Should Argentina go without fuel?
Should Argentina go without mfg imports?
Should they let the peso freefall?
Tell me oh wise monkey what's the solution to the Kmess?
25 Damn
Mar 28th, 2014 - 02:39 pm - Link - Report abuse 0“The only Monkeys here are those funny creepy vultures. I think they should go to work! That will do them good, you never will get a penny from Argentina. So go and work... ”
Damn,
The original shareholders, all 100% of them, DID work for their money, and foolishly LENT it to Argentina for the country to build industry and infrastructure.
Argentina AGREED TO PAY THE MONEY BACK, with interest, a BINDING CONTRACT with those lenders.
Since then, ARGENTINIANS HAVE POCKETED THE MONEY, not all Argentinians, just politicians and their friends - you know, what the K supporters and Peronists call the “cream” of your society.
MOST investors have only been promised 30% of the money they EARNED back, IF they ever see it at all.
The remaining shareholders DID NOT AGREE, and wanted FULL AMOUNT back.
I know which party is dishonourable and thieving!
@ 25 dam
Mar 28th, 2014 - 08:19 pm - Link - Report abuse 0That’s a rather strange post.
Are you a schoolboy / girl lacking worldly experience (apart from argie brainwashing) or just the usual argie imbecile?
Given such an apparently low level of intellect it is very difficult to decide: please do tell!
@yankeeBobo
Mar 28th, 2014 - 10:44 pm - Link - Report abuse 0The only one that has no idea how the real world works seems to be you...
1-Tell me please what nation or corporation or person in his sound judgement is going to hire US based financial institutions for restructuring debt when after paying billion in fees a simple insignificant judge can jeopardises all the work done because he is a friend of a couple of Vulture Funds?
Answer?
None, because there is not “legal security” or “A Legal framework” to perform operations like this in USAMex anymore.
Do you understand de idea now?
So this is really a bad legal precedent for US restructuring debt business and all operations of these kind will go to other places. You name it...
2-If the supreme court has to over rule the decision of Griesa everyone will look like clowns in the USAMEX legal system and Argentina will emerge stronger as she has made prevail her legal posture.
So USAMEX legal system have created it own trap and that is the reason why they are delaying this to find a elegant way to get rid of this hot potato.
And your legal system has not the power or mean to force argentina to pay if she don't want.
So what ya gonna do Bobo?
30. Insignificant judge? Obviously you have no idea how the USA courts work.
Mar 29th, 2014 - 11:08 am - Link - Report abuse 0Your post confirms my previous post, Argentinians believe their own nutty propaganda and think every country works like the f'ed up mess of Argentina and then when they lose they are shocked.
Argentina has lost every case all the way up to SCOTUS.
They will lose if the case is heard. There are lots of people saying it won't be taken up. WHich means the last ruing stands.
You are right, as a country the USA gov't may not help a private individual collect but since most U$ transactions go through our country the NY courts judgements will prevent Argentina from ever seeing another penny from the USA financial system. I would guess as a country we'd still continue to block new loans from Int'l banks too and you can forget about a PC agreement.
I've said for a long time Argentina will need to settle before the hedge funds need the money.
Tick Tock
BTW it looks like most families are going to have to work a little more than a week a month just to keep warm, clean and hydrated.
I guess there will be even more greasy mullets this winter.
@ yankeeboy
Mar 29th, 2014 - 02:13 pm - Link - Report abuse 0Oh! Bobo on the contrary I know very well how USAMEX political and legal system works...
If you have money and have all corrupted politicians and judges well oiled you can prosecute even aliens from Mars even if that destroys financially USAMEX...
“You are right, as a country the USA gov't may not help a private individual collect but since most U$ transactions go through our country the NY courts judgements will prevent Argentina from ever seeing another penny from the USA financial system”
And? What is the problem?
I believe in austerity and also that individuals and countries have to live by its own means...
No many well earned no spending and good cure for some close to 17 trillion dollars country debtor.
As you can see I’m being very considered and I did not name your country because I didn’t want to hurt your feelings idiot.
Oh my gosh you are so stupid.
Mar 29th, 2014 - 02:21 pm - Link - Report abuse 0I feel sorry for you.
I can't wait until the next Rg default
and the hyperinflation
which do you think is going to happen first?
Hows the peso investment going? By my count you've lost half of your savings in the last year.
My advice is to buy propane tanks and sugar.
dufus
33 yankeeboy
Mar 29th, 2014 - 05:52 pm - Link - Report abuse 0Oh-oh, you have done it now!
Buy propane tanks! This version of Dany is so stupid he would probably buy EMPTY tanks.
You have to feel sorry for these idiots, don’t you? NO? OK then, I agree with you! :o)
@yankeeBobo
Mar 30th, 2014 - 03:56 am - Link - Report abuse 0“Hows the peso investment going? By my count you've lost half of your savings in the last year.”
Really? I have never fund someone so dumb like you.
Tell me what count you have made?
Waiting because I need a big laugh...
@ChrisR
Are you angry for something?????
35 Dany
Mar 30th, 2014 - 07:00 am - Link - Report abuse 0As an observer, I see that you are losing... insults,but no substance.
Argentina - just a matter of time, now...
Tik tok!!!!
Mar 30th, 2014 - 11:55 am - Link - Report abuse 0@Troy Tempest
Mar 30th, 2014 - 01:51 pm - Link - Report abuse 0I'm losing what?
The plot, you insecure little prick
Mar 30th, 2014 - 04:41 pm - Link - Report abuse 038 Dany
Mar 30th, 2014 - 05:33 pm - Link - Report abuse 0“I'm losing what?”
You've lost your marbles,
... or they've at least rolled under the couch where you can't get them.
Dany, you just walk right into these things, don't you ?
:-D
Troll baiting today is like shooting fish in barrel!!!!!!
Mar 30th, 2014 - 06:25 pm - Link - Report abuse 0He still hasn't come back on the Obama Pope thread as to just how the Pope is going to help HM Queen cover up Dany's hypothetical paedo ring.
yes, he's quite that mad!
41 ilsen
Mar 30th, 2014 - 08:09 pm - Link - Report abuse 0“yes, he's quite that mad!”
LOL !!
To be fair, Dunny is not putting much effort into his posts - usually a cat-call or two and then run away.
However, he really did warm to his subject on the “paedo ” posts.
Twisted fool.
Yup @42
Mar 30th, 2014 - 10:09 pm - Link - Report abuse 0He haz run from me on several other posts.
1982 redux
lol! Dodgy paedo!
Interesting that “Dany” and “Sussie” both have an obsession with denouncing the Royal Family for sexual perversions, and a fascination with pederasty.
Mar 30th, 2014 - 11:27 pm - Link - Report abuse 0That's right Troy. What a loser!
Mar 31st, 2014 - 12:41 am - Link - Report abuse 0Meanwhile, for more serious posters, who are genuinely interested. Please give me a 'bump' on
http://en.mercopress.com/2014/03/29/venezuela-opposition-leader-leopoldo-lopez-will-remain-in-a-military-prison
as I have more to add on this topic. Good to keep it with in topic for other readers, yes?
cheers!
I wonder who pay you to spend so much time here? Work for you money really? Are you from Disneyland?
Apr 01st, 2014 - 06:48 am - Link - Report abuse 0Commenting for this story is now closed.
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