MercoPress. South Atlantic News Agency
Argentine Senate approves bill changing debt payment jurisdiction; next step Lower House
Argentina's Senate on Thursday passed a bill aimed at circumventing U.S. court decisions regarding its defaulted debt by changing payment jurisdiction, sending the proposal to the lower house Chamber of Deputies for final approval. The chamber, like the Senate, is controlled by government allies who are expected to vote the bill into law. Read full article
Comments
Disclaimer & comment rulesShe seems desperate to keep a straight face,
Sep 05th, 2014 - 09:15 am - Link - Report abuse 0All that plastic going to waste.
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Sep 05th, 2014 - 09:43 am - Link - Report abuse 0Hash: SHA1
Now these Wall St robber baron yank vultures are threatening that people who get paid for their bonds with contempt. What are they going to do. Put my grandmother in gaol. Very arrogant yanks. We are the 93%.
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Hep C still talking about your fake grandmother? Stick a sock in her mouth and put her out of her fake misery.
Sep 05th, 2014 - 09:46 am - Link - Report abuse 0Didn't Griesa say that anyone trying to thwart his court order could be held in contempt.
Sep 05th, 2014 - 11:04 am - Link - Report abuse 0It would be interesting if every yes vote counted wouldn't it.
These scofflaws will be taught a serious and tragic lesson and its too bad 40MM people will have to suffer for their intransigence.
When the bondholders that settled, the 92%, are able to switch their bonds over to Argentine Banco Nacion paper, how many will do that?
Sep 05th, 2014 - 11:24 am - Link - Report abuse 0Didn't they already get screwed by Argentina. Didn't they already lose about 70% of their money?
Argentina cries, “We want to pay our debts!!”. But don't they only want to pay the bondholders 30% of their debts? How is not paying 70% of your debt to bondholders “paying back your debt”?
Why would the bond holders who settled trust someone who speaks like this, the Argentine government, instead of the New York government, and move their bonds to Argentina?
No one will buy into this maybe. How did that “Cedina” program work out?
@5 Not even Argentine people trust this govt, thats why most of us keep our money hidden from them.
Sep 05th, 2014 - 11:48 am - Link - Report abuse 0This is getting a little unreal now. I can't see any financial institutions every trusting Argentina ever again.
Sep 05th, 2014 - 12:05 pm - Link - Report abuse 0If they can pick and choose which court decisions to follow now, what about the future?
They have just announced to the global financial markets that they are untrustworthy and unreliable.
She is creating an almighty mess due to having staked her political life on not paying.
Hubris will be her downfall.
The legal ramifications are going to catch up with the argies at some time in the future, Singer will see to that.
Sep 05th, 2014 - 12:10 pm - Link - Report abuse 0This bunch really are like the Machiavellian tribe of Italy but without the intelligence.
7 Days after Goofy and the gang pass this law, Griesa will put them in contempt and order the Mellon bank holding the money that she sent over to give it to NML as a down payment on the lawsuit that they lost.
Sep 05th, 2014 - 12:43 pm - Link - Report abuse 0@2. british bummer. Yep, quite prepared to put your fictitious grandma in prison. Along with you. Honest people will win over slime in the end.
Sep 05th, 2014 - 01:13 pm - Link - Report abuse 0@7. argieland has to be destroyed. No-one can “deal” with crap.
@2
Sep 05th, 2014 - 01:25 pm - Link - Report abuse 0What percentage of a return did your granny in Hull get for her bonds? The percentage she doesn't get is the amount stolen from her. Do you understand yet?
@10
Looks like she doesn't need any help. The self-destruct button is fully depressed,
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Sep 05th, 2014 - 01:28 pm - Link - Report abuse 0Hash: SHA1
at 10
So what is he going to do. Invade England and start rounding people up. You are going to have to look for another country to invade you dumb yank. We don't like Mafia hoods in England.
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Never seen Hepatia so out of her depth before. A new low! Clearly doesn't understand the subject.
Sep 05th, 2014 - 01:33 pm - Link - Report abuse 0----------------------
Personally I am looking forward to the day when all the dodgy bank accounts and dirty dealings ok Kristina & Co. are fully exposed.
Then the Argentines will be able to judge her properly.
Looks like Singer will be a major player in this.
Funny old World....
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Sep 05th, 2014 - 01:41 pm - Link - Report abuse 0Hash: SHA1
at 11
Have a look at the yields. They are decreasing right. Even the dollars are at about 11% and they are the ones not covered by English law. Do you understand dumb yank.
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Nope, Hepetia still doesn't have a clue.....
Sep 05th, 2014 - 01:58 pm - Link - Report abuse 0-----------------
““Sometimes there are court decisions that cannot be followed,” said Miguel Angel Pichetto,”
The worst statement he could possibly make if he wishes to build credibilty in Argentine Bonds.
No one will buy these in future unless they are offered casino rates.
Now there is a blantant example of how stupid Hep C/BB is and how poorly educated she is from Argentina.......calling Conqueror a Yank........lol. SHe certainly lacks comprehension is she does not know a Yank from a Brit.
Sep 05th, 2014 - 03:21 pm - Link - Report abuse 0On another thread, very recently, s/he said that Yankeeboy and I are the same person.
Sep 05th, 2014 - 03:43 pm - Link - Report abuse 0:-/
Bit bizarre. .....
How will now react Judge Griesa? Will he call the “contempt of the court”?
Sep 05th, 2014 - 06:56 pm - Link - Report abuse 0In the bond contracts Argentina has explicitly waived its sovereign immunity.
Wikipedia says:
http://en.wikipedia.org/wiki/Contempt_of_court
Contempt of court, often referred to simply as “contempt,” is the offense of being disobedient to or disrespectful towards a court of law and its officers in the form of behavior that opposes or defies authority, justice, and dignity of the court
THE JUDGE MAY IMPOSE FINES AND/OR JAIL TIME UPON ANY PERSON COMMITTING CONTEMPT OF COURT.
Oh for gosh sakes CFK sent out the police to intimidate the “blue” peso exchange.
Sep 05th, 2014 - 06:57 pm - Link - Report abuse 0I smell desperation and its not pleasant.
Of topic--
Sep 05th, 2014 - 07:45 pm - Link - Report abuse 0Carmon announced today that HMS Prince of Wales will be coming into service with the Royal Navy,
maybe sent to the Falkland's to keep an eye on CFK...lol
Courtesy of that idiot, “We have no further demands” Putin.
Sep 05th, 2014 - 08:10 pm - Link - Report abuse 0He's doing more for British armed forces careers than all the British Generals, Admirals and Air Marshalls put together.
He's taken two decades of peace and cooperation and shit on it big time.
Welcome to Cold War 2.
@18
Sep 05th, 2014 - 08:46 pm - Link - Report abuse 0I am interested to see how this plays out. If Judge Griesa does hold them in contempt will this cause a 'diplomatic incident' ? Will it escalate?
@21
Agreed. Putin is playing bluff. I think he may win in the short term but not the long term. He is gambling heavily.
Well the idiot may achieve his short term goals, but he's set European Russian relations back fifty years. Soviet Union/Russian Federation, he is proving the saying, a leapord can not changes it's spots!
Sep 05th, 2014 - 09:42 pm - Link - Report abuse 0Cue The old days, storage camps full of moth balled tanks, local personel taking them out, servicing them and driving them around the perimeters!
That was Europe thirty years ago on the inner German border, I know, I'm a veteran of the 1st cold war. I saw them, tanks as far as the eye could see.
“Don't mess with Russia, we're a nuclear power.”
Putin, your a Fucking idiot, NATO is also a Nuclear fucking power and thanks to your shit! They are going to start building them again.
What sort of a fucking idiot threatens someone with nukes who also has them.
Didn't this fucking idiot ever hear of MAD or first strike!
@23
Sep 05th, 2014 - 10:31 pm - Link - Report abuse 0I don't doubt your experience, and I also think you have a lot of relevant points.
Tho, I do wonder why you are discussing this on a thread entitled
“Argentine Senate approves bill changing debt payment jurisdiction; next step Lower House”
No offence intended...
:-)
Any thoughts on potential Contempt of a NY Court by Argentina? Will it cause a massive stink, or be ignored?
I take your point apologies.
Sep 05th, 2014 - 10:44 pm - Link - Report abuse 0Responding to Briton and your remarks on Putin, easily disracted I is!
As for this theme. They can do what they like.
International institutions will obey the rule of law, especially an American Ruling.
Its simple really and I wonder why we are debate it. For financial institutions and bodies, the question is simple. Do you wish to transact billions or millions of dollars of financial deals in the American Financial Markets or do you wish to conduct the same transactions with Argentine proxies? because make no mistake. That is what they are talking about.
Which one would you deal with?
Thanks. I do sometimes go off on a tangent myself!
Sep 05th, 2014 - 10:51 pm - Link - Report abuse 0----
haha! quite right you are. Does Cristina realise she is committing financial suicide on behalf of the nation?
Does she care?
My thought is that her hubris will be her downfall.
Can't wait. Have popcorn and wine in stock. heehee!
It's simple really and any honest person. The word is honest, can see it?
Sep 05th, 2014 - 11:11 pm - Link - Report abuse 0Argentina, never ever, ever pays back what it borrows, never!
It pats back about 30% of it and it brags about hw it serves it's debt!!!!
It never pays back what it actually borrows.
What I find astounding is, that economists, actually support this sort of behaviour!!!!
Restructuring is not finance, restructuring is acceptance of default on a contract.
Ergo, don't invest in bonds because you will lose, but that's okay, because the market depends on defaults!
I am the only one that can see this, economists actually ebcouraging investors to lose money!
Reason is simpe, they do not want reason, law, truth, trust or honesty encroaching intheir puzzle palace!
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Sep 06th, 2014 - 02:33 am - Link - Report abuse 0Hash: SHA1
at 15
The decision cannot be followed in England. Its against English law. Why should we be under American law. Dumb yank. How arrogant.
Have you had a look at the yields. No. Try looking at them instead of acting like a Wall St robber baron. You might learn something yankeeboy / islen.
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The Argentween Gov is incapable of paying any bills on time.
Sep 06th, 2014 - 02:37 am - Link - Report abuse 0Lovely Country but will soon be no more than a Chinese Farm soon...
The people will be serfs, and they voted for this...!
28 HepC/bb
Sep 06th, 2014 - 05:57 am - Link - Report abuse 0Hi Hepatia,
Playing your charade again!
Please, more stories about “Fake Granny”
Are you fed up with your “mashy peas” yet?
“Burgers and Mush”, perhaps?!
HepC are you in Hull with your Granny?
Sep 06th, 2014 - 01:16 pm - Link - Report abuse 0Can someone tell me why these dumbfuck rg trolls like bbhep c think everyone is a yank when they post on the rg default? It is like everyone to them is a brit when we support the Falkland islanders.
Sep 06th, 2014 - 04:44 pm - Link - Report abuse 0bbhep c......you are by far the stupidest rg troll that the labs at the camp sent out. In the mold of the shoe bomber.......dumb as wood.....and thicker.
@32
Sep 06th, 2014 - 04:54 pm - Link - Report abuse 0She/he ( it? ) knows perfectly well which side of the Atlantic UK/US posters come from. She/he/it isn't stupid. Just obsessed, perverse and deeply weird.
@12, 14, 28. Did you know that everyone has a financial “rating”? In New York, the Bank of New York Mellon has lists of all bondholders. If Judge Griesa makes good on his order, every bondholder will be an accessory to argieland's contempt. The judge has stated that anyone who assists in evading his order will be culpable. Every financial institution, no matter where, will have to take that into account for the sake of their future business. Maybe every bondholder will be blacklisted. Have to wait and see.
Sep 06th, 2014 - 07:46 pm - Link - Report abuse 033
Sep 06th, 2014 - 11:12 pm - Link - Report abuse 0Very perceptive...I agree weird....even the spelling errors are deliberate, takes some sort of perverse delight in silently laughing at those that jump on them with triumph and glee....
....I know when I'm being played and didn't take part...probably a double bluff going on.....;-)
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Sep 08th, 2014 - 12:44 am - Link - Report abuse 0Hash: SHA1
at 34
Can not believe how dumb you yanks are. From the solicitors:
”on June 26, 2014, Argentina made an interest payment in Argentina to The Bank of New York (Luxembourg) S.A. (¿BNY Luxembourg¿) for the benefit of the Euro Bondholders. As funds held outside the United States, by a foreign entity, and in a trust that is governed by the laws of England and Wales, this Court does not have jurisdiction to order BNY Luxembourg to do anything with those funds. Under the Indenture and applicable law, BNY Luxembourg is obligated to pass through payment to the Euro Bondholders.”
The trustees do not have the account holders names. The bond depositories have these. These have nothing to do with America. If you want to see contempt of court wait until you see and English court. Bank officials will be in gaol if they do not pass on the payments.
You dumb Mafia yanks running around the world trying to extort peoples money for Wall St. robber barons. An proper English judge will protect us.
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My oh my.......you are the most pathetic troll. You are probably on Andre Larrogues's for immediate termination............if he had the funds to purchase a bullet. Instead he will most likely sentence you to a slow and torturous death of death by a kirchner lap dance.
Sep 08th, 2014 - 06:52 pm - Link - Report abuse 0-----BEGIN PGP SIGNED MESSAGE-----
Sep 09th, 2014 - 02:22 am - Link - Report abuse 0Hash: SHA1
And you are an arrogant yank highway robber trying to steal from honest hard working English people. You are going to be trolled by a proper English judge soon. You are not going to like that.
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Is larrogue feeding you his daily ration of......larrogue?
Sep 09th, 2014 - 09:21 am - Link - Report abuse 0-----BEGIN PGP SIGNED MESSAGE-----
Sep 09th, 2014 - 10:59 am - Link - Report abuse 0Hash: SHA1
at 39
Dumb yank I don't know what La roux is don't care. What you will know is what an English judge will do to you mafia hoods.
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Hepatia, when are you going to admit that you are not British?
Sep 09th, 2014 - 11:37 am - Link - Report abuse 0#40 correct me if I am wrong Hepatia, but it's been well over two months now listening to you ejaculate this English judge non-sense.
Sep 09th, 2014 - 01:43 pm - Link - Report abuse 0When is this to take place?
Do us a favor please, tell us another bed time story about your delusive granny.....
BTW Hep.....paranoid that you need encrption software.....lol.........
Pretty Good Privacy........Sometimes...(not)
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Sep 10th, 2014 - 03:11 am - Link - Report abuse 0Hash: SHA1
at 42
You did not believe me when I told you about the solicitors letters about the English court. You said I was lying. But when it started to be a news story you had to back down. You should not waste your time now trolling. You should think about what you are going to say when the English judge makes the orders for the trustee to pay up so that you are not humiliated again. In England it is against the law to rob hard working honest people. It is against the law to be a robber baron like singer.
I am not heptia. Look at the signatures. They don't match. I started signing when this site was hacked. Someone started to try posting as me. May be you. Check the sigs.
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43 Hepatia aka BritishBomber
Sep 10th, 2014 - 06:22 am - Link - Report abuse 0Silly Hepatia,
you have already twice logged on as the wrong User Name... LOL!!
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Sep 10th, 2014 - 08:33 am - Link - Report abuse 0Hash: SHA1
at 44
Toy Tempest hip to you. Not true and you know it. Check the signatures. They do not match. You are a lair and you know it. Just like all you yank robber barons like singer. You are so dumb. You know nothing about bonds. You know nothing about English law. What are you going to say when your robber baron bank has to pay up.
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Why PGP code?
Sep 10th, 2014 - 08:44 am - Link - Report abuse 0What do you have to hide?
Hep c/british bomber
Sep 10th, 2014 - 09:34 am - Link - Report abuse 0I never called you a liar, show me that post? I said you have no idea what you are talking about and are utterly stupid. Do not confuse that with lying.
hacking is overrated to the paranoid.....(smile), besides you need an email address to get a screen name on this MP site so you encryption is useless here as they would still get your email you idiot. You need to email to remain hidden from your Argentine location.
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Sep 11th, 2014 - 12:56 am - Link - Report abuse 0Hash: SHA1
at 30
Troy Tempest / how pai to ok I will tell you more about my grandmother. There is another case in Belgium to force payment. In European what these Wall St robber barons are doing is against the law. My grandmother is not part of this case so I do not get any mail from the solicitors. I think most of the Italians are part of this.
So there is three possible ways my grandmother will get paid. So singers highway robbery will be defeated.
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