MercoPress. South Atlantic News Agency
Pollack's hope is that dialogue between holdouts and Argentina will continue
Argentine officials and holdout investors met separately with the New York court-appointed mediator or 'Special Master' for five hours on Friday, presenting their cases in hopes of resolving a litigation on defaulted bonds that has dragged on for years. Read full article
Comments
Disclaimer & comment rulesNo stay injunction required Austral Elvis. You have plenty of time to sort this out before you pay up at the end of the month.
Jul 12th, 2014 - 11:25 am - Link - Report abuse 0In a nutshell, the Squealers want to string this out for another few years.
Jul 12th, 2014 - 11:25 am - Link - Report abuse 0I hope they don't get away with it. Sets a bad example.
It's time to pay up. No more excuses, no more delays.
Just get the cheque book out. You'll feel better afterwards. Only a bit over two weeks to go now. Come on Austral Elvis.
Jul 12th, 2014 - 11:35 am - Link - Report abuse 0They're not going to get away with anything. The clock has run out and there's no where else to run.
Jul 12th, 2014 - 11:42 am - Link - Report abuse 0I don't know how anyone runs their life and business on such brinkmanship. It seems like she doesn't give a fig about her own people.
They will starve and freeze. This is absolutely not like the last default. Even in 2001 the economy wasn't this out of balance, they weren't this broke and they had enough oil/gas for their own people.
Right, the money doesn't belong to argieland. Argieland still has to pay. Euro bondholders can't be paid as argieland hasn't paid. Give the money to the holdouts! US$3 billion yet to be paid!
Jul 12th, 2014 - 12:00 pm - Link - Report abuse 0A song from two Great American Black Singers which sums up the thinking of TMBOA over the years and her ‘decision making’. Enjoy:
Jul 12th, 2014 - 01:07 pm - Link - Report abuse 0http://www.youtube.com/watch?v=ElLpKewnxp4
Far more entertaining than the The Dark Country stuff.
I feel sorry for the Mom and Dad investors who sunk their hard earned savings into these bonds believing thatbtheir money was secure. Who in their right mind would lend Argentina any money now?
Jul 13th, 2014 - 02:53 am - Link - Report abuse 0Comment removed by the editor.
Jul 13th, 2014 - 06:26 am - Link - Report abuse 08 Fake German Holdout
Jul 13th, 2014 - 06:48 am - Link - Report abuse 0I've asked the editor to remove your spam post.
Are you cheering for your home team today, Germany??
=)
Comment removed by the editor.
Jul 14th, 2014 - 07:39 pm - Link - Report abuse 0Argentina does not have the money to pay, simple as that.
Jul 15th, 2014 - 12:43 am - Link - Report abuse 0Next time the holdouts make an investment they should do some due diligence on what they are buying.
Stop your sniveling and whining, not every investment works out.
10
Jul 15th, 2014 - 05:26 am - Link - Report abuse 0Thank you, Editor.
#11 Argentina does not have the money to pay, simple as that.
Jul 15th, 2014 - 07:14 am - Link - Report abuse 0Small investors brought these bonds because they were backed by a national government in this case, Argentina. They had had a valid expectation that their investment would be safe, this has turned out not to be the case. Argentina's default and subsequent shenagins devalues and destroys investor confidence in the entire monetary system. Not that the deadbeats in BA would care about that!
They say that have the money to at least pay the holdouts and they should stop playing games and do this. The world doesn’t owe Argentina a living.
At the moment Argentina is a sponging, deadbeat country with a deadbeat government.
#11
Jul 15th, 2014 - 07:44 am - Link - Report abuse 0“Argentina does not have the money to pay, simple as that.”
People bought the bonds from Argentina because Argentina encouraged them by making assurances that the Government would honour them.
You are legally obligated to pay.
As it is, you are paying back far less than you borrowed.
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