MercoPress. South Atlantic News Agency
US calls on Argentina “to normalize relations with all bondholders”
While the US State Department again called Tuesday on Argentina 'to normalize relations with all its bondholders’, the government of President Cristina Fernandez deposited a 161 million dollars bond interest payment with a newly appointed local trustee on Tuesday, defying a U.S. judge who held Argentina in contempt of court on Monday for taking illegal steps to meet its debt obligations. Read full article
Comments
Disclaimer & comment rulesArgentina dictates that the American Executive should “control” the actions of its judiciary and they consider dignifying it with a reply.
Oct 01st, 2014 - 09:11 am - Link - Report abuse 0No reply, is the correct response to such an insulting communication.
What's funny is that rotting roadkill's bravado has cost the dark place more in lost gndp and reserves than what settling with Singer would have cost it.
Oct 01st, 2014 - 10:06 am - Link - Report abuse 0rotting roadkill, your Gringo Amigos salute you for your self inflicted destruction. Salute!
This could be fun. Watching how far the authority of the U.S. judiciary, and that of Judge Griesa, extends. My guess is that it's a long way. For instance, U.S. and U.K. judiciaries tend to take each other's judgements into account. They are both founded on the same basic law. Argieland is underming the whole world. The world won't be too keen on a thief doing that. Argieland IS going to suffer.
Oct 01st, 2014 - 10:33 am - Link - Report abuse 0Well suffer she may well,
Oct 01st, 2014 - 10:54 am - Link - Report abuse 0but one suspects that her new friends China and North Korea may well give some comfort,
and the poor people will get it in the neck..lol
Arg offers to pay and pays to more tan 90 %.
Oct 01st, 2014 - 11:09 am - Link - Report abuse 07 % are especulating, thats different.
@5 Seriously? That is your understanding of the situation? No wonder CFK gets away with it, you are another gullible Argentine.
Oct 01st, 2014 - 12:12 pm - Link - Report abuse 0In civilized countries Speculating is not illegal and is in fact admired.
Oct 01st, 2014 - 12:14 pm - Link - Report abuse 0“...state-controlled Nacion Fideicomisos, acknowledged little of the deposit had been transferred to creditors.”
Oct 01st, 2014 - 12:23 pm - Link - Report abuse 0Bahahahaha
8. The few xfers that happened where probably gov't entities and gov't cronies.
Oct 01st, 2014 - 01:23 pm - Link - Report abuse 0Its logistically impossible for them to xfer in enough % that they won't be in default in another 29 days.
I can't wait
Cross default should be even more fun to watch
Boy that noose is tight
Argentina pays the 90% an average of 27% of what you OWE them without interest. An imposed, not negotiated settlement, so you don't even have that moral card on your side.
Oct 01st, 2014 - 01:52 pm - Link - Report abuse 0Two hedge funds and the remaining 10% want ALL the money back that you OWE them, because that was what you said you would pay.
Personally, I could not give a shit if your happy to be renown throughout the world as a bunch of dishonest cheats, who consistently demonstrate an inability to honour anything you put your signature to, especially legal documents.
Just don't play the victim, because thats just showing contempt for people's intelligence and people don't like that.
For the USA, this is a very, very minor irritation.
Oct 01st, 2014 - 09:57 pm - Link - Report abuse 0Almost irrelevant.
Deposit to your hearts content. No one will receive. Foreign financial intermediaries still want to do business in the US, so they aint helping the receivers out....
Oct 01st, 2014 - 11:13 pm - Link - Report abuse 0It doesnt matter to you the arrengement it has been made with 93%. If you are given dollars, at this moment is very convinient (now 15, in 2005 more o less 3$).
Oct 02nd, 2014 - 12:33 pm - Link - Report abuse 0Meanwhile argieland gets offended. http://www.telegraph.co.uk/news/worldnews/southamerica/argentina/11135641/Jeremy-Clarkson-offends-Argentina-with-Falklands-war-numberplate-stunt.html
Oct 02nd, 2014 - 01:30 pm - Link - Report abuse 0I rarely agree with Clarkson, but this time I do. The slags of argieland tried to steal and “cleanse”. Fortunately, Britain was able to really “cleanse”. Most shit could be disposed of. But we made a mistake. What we should have done was to take the argie cowards aboard our ships, note that they were unwanted, and then throw the bacteria overboard.
At this moment, argieland should be regarded as effluent. How is this a problem? Argieland has been effluent for 200 years. Pour on the bleach. Destroy shit.
How to Collect Argentina Bond Payment Is an Unsolved Riddle.
Oct 02nd, 2014 - 08:37 pm - Link - Report abuse 0While Argentina has deposited $161 million with a local bank in downtown Buenos Aires to make good on an interest payment due Sept. 30, the government hasn’t given bondholders any instructions on how they can go about collecting their cash, said Emso Partners Ltd., which owns Argentine notes.
http://www.bloomberg.com/news/2014-10-02/how-to-collect-argentina-bond-payment-is-unsolved-riddle.html
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!