MercoPress. South Atlantic News Agency
NML Capital subpoenaed 18 banks in search of embezzled Argentine funds
NML Capital Ltd, a creditor suing Argentina in the U.S. courts for full payment on defaulted debt, subpoenaed 18 banks last week in an effort to track down 65 million dollars in what it says is embezzled Argentine money laundered through the United States. Read full article
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Sep 05th, 2014 - 08:43 am - Link - Report abuse 0Naa,
Sep 05th, 2014 - 09:13 am - Link - Report abuse 0the truth hurts, they have all gone away.lol
They have really vanished haven't they? None left but for the so called “Scottish” supporters.
Sep 05th, 2014 - 10:02 am - Link - Report abuse 0It's a bit early for them. If they live in Argentina.
Sep 05th, 2014 - 10:34 am - Link - Report abuse 0Singer is just having fun now. In the end Argentina will end up paying for all of this anyway.
Sep 05th, 2014 - 10:40 am - Link - Report abuse 0In sum, Argentina’s recent actions belie the nation’s claim that it has turned over a new leaf and is now willing to take the steps necessary to get back into the good graces of the financial community.
http://www.forbes.com/sites/wlf/2014/09/04/actions-speak-louder-than-words-argentina-continues-to-stiff-its-creditors/
Solidifying their status of a pariah nation.
This won decade will take a generation to fix.
The stupid people running The Dark Country just don't get the fact that Singer has a team running the recovery of his money as a project, using the best legal and financial minds available and what have the argies got: TMBOA, Gollum, CaptainDismal, Kickitoff, Filmus now before I cry and some also rans.
Sep 05th, 2014 - 11:18 am - Link - Report abuse 0I almost feel sorry for them. Ha, ha, ha. That was a joke.
But Chris, that is their Best and Brightest!
Sep 05th, 2014 - 11:20 am - Link - Report abuse 0Further proof that the Argentine Government has zero respect for the Rule of Law, at home or abroad.
Sep 05th, 2014 - 12:12 pm - Link - Report abuse 0Looks like slow motion financial suicide. How can anyone ever trust these people again?
Why doesn't Kirchner get the picture? NML et al have more resources than argieland. How does she imagine she's going to “win” by taking her clothes off, getting on a bed and shoving a vibrator up her ass?
Sep 05th, 2014 - 01:02 pm - Link - Report abuse 0Thanks for that image Conqueror. ....
Sep 05th, 2014 - 01:07 pm - Link - Report abuse 0:-/
Some one pass me the mind bleach please. ..
A joint status report by 12th Sept. looking forward to that.
Sep 05th, 2014 - 01:14 pm - Link - Report abuse 0Elaine is right, they need to first wake (Somewhere around noon) and have their café con leche and a medialuna.
Sep 05th, 2014 - 01:48 pm - Link - Report abuse 0They're going to be in a celebratory mood about the 31% wage increase! Living the Socialist Peronist dream!
I wonder when she will realise that when the laundered money is found she will really be screwed, better she pays off the “ holdouts ” now, less pain down the road.
Sep 05th, 2014 - 02:02 pm - Link - Report abuse 0“allegedly embezzled millions of pesos”
Sep 05th, 2014 - 02:19 pm - Link - Report abuse 0NML is owed in total a “little bit less than 3 billion Dollars” by Argentina.
High score after 10 years: $0.00
Not long now.
Not long now.
@9
Sep 05th, 2014 - 02:49 pm - Link - Report abuse 0Looks like she is worried about her image though. I suppose if she wanted to change it she could call a press conference, and follow your suggestion. I'm sure a large number of people would change their minds about her. ;)
http://www.buenosairesherald.com/article/168969/cfk-blames-vulture-funds-for-mudslinging
@14
Sep 05th, 2014 - 03:12 pm - Link - Report abuse 0You're missing the big picture. NML doesn't have to collect to cause massive damage to Argentina's economy. Or to play havoc with what's left of it's national pride. Is begging from the PRC any more humiliating than paying the vultures?
There's a saying common in AA meetings: “You can't save your face & your arse at the same time”.
The BCRA head is off to Switzerland to beg for a line of credit. I am sure BIS can't lend to anyone in default.
Sep 05th, 2014 - 03:53 pm - Link - Report abuse 0Where to now? Where to now?
Blue back over 14, so that forced selling by BCRA did absolutely nothing.
I wonder how many fingers and toes they have stuck in the dam now?
“Where to now? Where to now?”
Sep 05th, 2014 - 04:44 pm - Link - Report abuse 0K GPS's searching for Silobolsas....
18. I bet they are! Too bad Soy is dropping like a rock. Those farmers are screwed.
Sep 05th, 2014 - 04:49 pm - Link - Report abuse 016 - still not going to do nml any good. saga ends in early 2015, nml at the table, no leverage, getting the same amount as offered all those years ago.
Sep 05th, 2014 - 08:19 pm - Link - Report abuse 0Clear message sent to shifty financiers - don't try it.
haha!
Sep 05th, 2014 - 08:49 pm - Link - Report abuse 0@20
Cristina is gambling her life on this. I feel she is out of her depth completely. The cracks are starting to show. The stench of desperation is like rotting carrion.
My bet is on the vultures having a feast.
Not long now....
21 - see 14.
Sep 05th, 2014 - 08:54 pm - Link - Report abuse 0see mercopress comments for last x years.
any day now.
$150 million dollars sitting there in a nice fat NY Bank, waiting for a NY judge to make a ruling.
Sep 05th, 2014 - 10:14 pm - Link - Report abuse 0Nice!!!!
Whatcha found so far Bud...aww ...that's right nuffin....;-))))
Sep 06th, 2014 - 12:47 am - Link - Report abuse 0You should be directing your comment at the President of Argentina. Claiming the car manufacturers are hiding cars, now looking for silobolsas. Where's the beef? Find anything yet? ;)
Sep 06th, 2014 - 01:34 am - Link - Report abuse 0@ 24
Sep 06th, 2014 - 02:04 am - Link - Report abuse 0who is Bud?
@25
we are seeing the first signs of megalomaniac psychosis. Next she will elect a horse as a senator...
You heard it here first!
:-)
Hubris is a Killer. She's done.
Senator Incitatus. Would that be “Incitato” in the tongue of old Hispania? Has a nice ring to it, certainly more dignified than, say, “Boudou”...
Sep 06th, 2014 - 03:12 am - Link - Report abuse 0Friday, September 5th 2014 - 07:33 UTC
Sep 06th, 2014 - 03:55 am - Link - Report abuse 0NML Capital subpoenaed 18 banks in search of embezzled Argentine funds
Any news yet?
@27 I am liking your words! Love that you picked up on my hints.
:-)
You got style!
xxooxx
@20
Sep 06th, 2014 - 05:51 am - Link - Report abuse 0Pyrrhic victory. If that...
20. Nobody negotiates a judgement. Why would they? Eventually they will get paid in full, interest, penalties, court costs, collection costs.
Sep 06th, 2014 - 12:27 pm - Link - Report abuse 0It is inevitable.
And in the meantime the Arg economy is destroyed
icing on the cake
@10. Have you not watched the video?
Sep 06th, 2014 - 12:45 pm - Link - Report abuse 0@31
Sep 06th, 2014 - 01:13 pm - Link - Report abuse 0Stop! Right now. Just stop it!
I can't cook now and people are hungry. I feel a little queasy, might have to go for a lie down.
You nasty man!
@ 20 Vestige (A_Voice, etc.)
Sep 06th, 2014 - 07:57 pm - Link - Report abuse 0“not going to do nml any good. saga ends in early 2015, nml at the table, no leverage”
No leverage?
A few weeks ago, the province of Buenos Aires ran into an interest of 12% annually, YPF obtained a loan of US$ 1 billion at “only” 8.75%.
In contrast Bolivia issued US$ 500 million ten years maturity, annual interest of 5.95%; Uruguay refinanced US$ 2.000 million at 5.1%, Brasil rolled a US$ 2.000 million debt over until 2045, at 5.13%, Paraguay placed US$ 1 billion in 30-year bonds at 6.1%.
No leverage?
And that involves nml how.
Sep 06th, 2014 - 10:55 pm - Link - Report abuse 0@ 34
Sep 07th, 2014 - 05:35 am - Link - Report abuse 0Simple, Captain Dimbulb. Argentine institutions are now suffering high interest rates to do ordinary business, if allowed at all, and even countries you look down on are doing better. Get a grip, or don't. I'm laughing at you. ;)
@34
Sep 07th, 2014 - 06:27 am - Link - Report abuse 0Vestige, do you really believe that the interest rates, and terms quoted above, are not at least partly influenced by the ongoing court proceedings in NYC involving NML? Those terms are almost contemptuous IMO.
@ 34 Vestige
Sep 07th, 2014 - 10:17 am - Link - Report abuse 0you can't be serious!?!
Judge Griesa ruling ... Court of Appeal ruling ... Supreme court ruling ... all rating agencies declare Argentina in default ... interest rates on loans to Argentina 50 percent or more higher than other South American countries.
Idiot child Tobias, why do you call yourself Vestige?
You could at least log in as 'Idiot child'.
“The inflation rate rose to 38 percent in August, according to Buenos Aires-based Elypsis.” Is a conservative estimate in this weekends media reports.
Sep 07th, 2014 - 01:47 pm - Link - Report abuse 0“Argentina is following in Venezuela’s footsteps,” said Diego Giacomini, an economist at Economia & Regiones, a Buenos Aires-based consultancy firm. “You only have to look at the past eight years to realize that Argentina is on that path.”
So now imagine an Argentine business looking for credit for purchasing foreign made components necessary to assemble Argentine products. (The days of forien suppliers themselves issuing credit are nearly finished as they already are already owed BILLIONS.
Doesn't help much either that the cars that are finished, the Argentine manufacturer doesn't want to n
Rather I should say, how, come Jan 2015 will these past actions* be leverage for nml.
Sep 07th, 2014 - 02:43 pm - Link - Report abuse 0*loans at 12%, 8.75%.
If only I could draw an axis on here to explain the nml argentina power distribution over time.
(it has a very distinct trend, Jan 2015 lines up with a zero point)
NML doesn't need leverage. They have a judgement that will be paid in full, with interest, penalties, court costs and collections costs.
Sep 07th, 2014 - 03:04 pm - Link - Report abuse 0In the mean time they will look at ways to tighten the noose and embarrass the regime.
BCRA will run out of money long before Singer does.
No money means no fuel or jobs which brings riots.
tick tock
They'll get the same as the other holders.
Sep 07th, 2014 - 03:09 pm - Link - Report abuse 0tick tock indeed.
September.
41. You're obviously living in an alternative universe like the Corrupted Delusionsls currently running Argentina.
Sep 07th, 2014 - 03:17 pm - Link - Report abuse 0Austral Elvis wants BCRA to LOWER interest rates to increase consumption. Either he is really stupid or crazy.
I'm not sure which.
Same goes for you.
:)
Sep 07th, 2014 - 03:32 pm - Link - Report abuse 0@32. Does that mean you're gutless? Remember the first time I watched it. I was eating stew.
Sep 07th, 2014 - 04:15 pm - Link - Report abuse 0@39. Your name wouldn't be Maximo by any chance, would it? One of argieland's many failings is that it cannot understand “civilisation”. One of civilisation's basic concepts is that, at the end of the day, you pay your debts. Other countries couldn't do it. They negotiated. They accepted conditions and rules. Argieland wants to ignore all that and do as it likes and screw everyone else. For the sake of the world, argieland must be topped.
Idiot child, the “low” interest rate (8.75% i.e. 5.4% more than a standard US state bond) YPF achieved was based on YPF's oil.
Sep 07th, 2014 - 04:48 pm - Link - Report abuse 0I am impressed by your inability to understand.
45. He thinks 8.75% is good because they're paying 50+% in Argentina. That's if they can even get a loan.
Sep 07th, 2014 - 08:33 pm - Link - Report abuse 0Its all relative
This has got to be win-win. The holdouts get their money, but paid from funds looted from Argentina, they were never going to get those back under the current political system. The only losers were those pirates who looted the Argentine economy - The Kircheners and friends.
Sep 11th, 2014 - 07:34 pm - Link - Report abuse 0Commenting for this story is now closed.
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