Hedge fund calls on Judge Griesa to reject 'stay' order requested by Argentina

Tuesday, June 24th 2014 - 22:37 UTC

Full article 9 comments

Hedge fund NML Capital have dismissed the Argentine government's request to reestablish a stay on payments to the holdout hedge funds, and called on New York judge Thomas Griesa to reject the plea. Read full article

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yankeeboy
I wonder if the attorneys will be working over the weekend. I would say not the weather is gorgeous here right now.
That means there are only 3 days left to negotiate.
I wonder if they will ever start.
I hear they're waiting on the ”stay' decision BEFORE they start.
Bad move
It shows you aren't serious
and
are deadbeat scofflaw
but everyone knew that already
Jun 24th, 2014 - 10:47 pm - Link - Report abuse 0
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Z-ville
It does say that the Fund attorney would consider allowing the stay if “decent progress has been made by July 30”. That would leave more time for negotiating.

But how do you define “decent progress” when you are negotiating with a deadbeat lender who has publicly announced that they have no intentions of paying you?
Jun 25th, 2014 - 01:17 am - Link - Report abuse 0
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Be serious
Argieland should pay its debts. Well done to the Judge for standing firm.
Jun 25th, 2014 - 03:04 am - Link - Report abuse 0
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Z-ville
@3
Yes - the point of the judgment is that there has to be limits to how irresponsible a nation can be allowed to behave in the financial markets. Argentina's behavior, if multiplied by all the other nations in financial distress, would cause the global bond markets to utterly collapse.

Argentina dug this hole for themselves, while spinning themselves as the victim and the funds as the aggressor.
Jun 25th, 2014 - 03:45 am - Link - Report abuse 0
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Conqueror
Argieland has had TWELVE YEARS to prepare. There is NOTHING to “negotiate”. 1.33 billion US dollars plus interest. When the bank forecloses, does it care if you're homeless and starving?
Jun 25th, 2014 - 10:46 am - Link - Report abuse 0
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ChrisR
TMBOA will never pay, it offends her “dignity” after so many years lying about the funds they have (or don't have).

The Dark Country is broke: end of.
Jun 25th, 2014 - 11:50 am - Link - Report abuse 0
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ilsen
.
Jun 25th, 2014 - 12:19 pm - Link - Report abuse 0
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Conqueror
@6. Then let's walk in and take over. Nothing the slut could do about it.
Jun 25th, 2014 - 06:19 pm - Link - Report abuse 0
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ChrisR
@ 8

I think Chile should but TMBOC will not: her and TMBOA are supposed to be friends.
Jun 25th, 2014 - 09:38 pm - Link - Report abuse 0
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