MercoPress. South Atlantic News Agency
Holdouts insist they want to negotiate with Argentina a solution to bonds dispute
Lawyer Robert Cohen representing NML, the main holdout fund in litigation with Argentina, insisted that his client is prepared and willing “to negotiate” but also questioned the government of President Cristina Fernandez attitude during the court hearings in New York over the restructured debt. Read full article
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Disclaimer & comment rulesHe's so full of shit. “ If they reached an agreement with my client, and the rest, without asking for more money, but further restructuring debt at lower interest rates, capital would flow back and fast to Argentina to help develop its natural resources, and I dare say even those who nowadays fear how they will be treated”, insisted Cohen.”
Oct 07th, 2014 - 01:22 am - Link - Report abuse 0No one is going to invest a cent here while the K klan are in power. He neglects to add NML bought into this mess with the sole intention of litigation. Go chase all that loot that Kristina has stolen. Take that and piss off !
An agreement with the Holdouts would be a win-win situation for everybody!
Oct 07th, 2014 - 02:49 am - Link - Report abuse 0For Argentina, for the Holdouts and also for the exchange bondholders, whose bonds rates would also be considerably increased.
A completed final agreement with the Holdouts would improve Argentina's ratings, initiate a firework of investments and enable also cheaper credits for argentine companies.
Also seizure risks and a technical Default would be immediately averted. Argentina could immediately return to the capital market and thus Argentina could refinance the payments to the holdouts, without using reserves.
They need to get their economy on a firm footing before anything else. you will not get that unless you put someone credible in charge.
Oct 07th, 2014 - 07:00 am - Link - Report abuse 0Comment removed by the editor.
Oct 07th, 2014 - 07:47 am - Link - Report abuse 0Cohen clients didn't pay a dollar but expect to be paid a dollar that's why they are called vultures.
Oct 07th, 2014 - 09:13 am - Link - Report abuse 0Argentina went bust
Nothing will happen before Jan 1st 2015
Oct 07th, 2014 - 09:52 am - Link - Report abuse 0rotting roadkill, you can't repudiate your obligations without first surrendering your honor.
Oct 07th, 2014 - 10:07 am - Link - Report abuse 0Your contractual obligations - to which your set your seal and ratified - were and are specifically assignable. You were able to previously extort those of less character and resolve. However, this in no ways relieves you of your debt to the balance of the assignees.
Accordingly rotting roadkill, by any objective standard you are honorless,
Oh shut up Chronic , you are like a stuck CD harping the same crap over and over.
Oct 07th, 2014 - 11:20 am - Link - Report abuse 0NML knew what they were getting into and are trying to play the innocent investor card.
8. And the holdouts won.
Oct 07th, 2014 - 12:37 pm - Link - Report abuse 0You should be asking where the money went that was borrowed. Why can't it be paid back?
I hope Arg suffers greatly so they finally learn their lesson.
You'd think after 3 generation each getting poorer and dumber would be enough for any intelligent Rg to demand change.
Obviously its not
That whole country is full of idiots that are going to get exactly what they deserve.
I will watch with glee from afar.
rotting roadkill is a serial defaulter and dead beat.
Oct 07th, 2014 - 02:06 pm - Link - Report abuse 0Some people who comment here are very stupid and some are very mean-spirited and/or emotionally disturbed.
Oct 07th, 2014 - 02:15 pm - Link - Report abuse 011. Which are you? I'm guessing all 3.
Oct 07th, 2014 - 02:20 pm - Link - Report abuse 0@1. A comment from (K)lingon. Which part of the 'klan' are you from? NML's purpose is not an issue. Was it illegal? Was it even immoral? On a scale of 1 to 10, please rate NML's actions compared to argieland's deliberate attempt to scam US$65 billion.
Oct 07th, 2014 - 03:08 pm - Link - Report abuse 0@2. The best, and only acceptable, solution would be “Here are 20 large suitcases filled with US$100 dollar bills”. No agreements. Pay! Perhaps Hepatitis could pop out of a cake at the same time!
@5. Ever heard of eBay? Besides, there's a general view that second-hand items are only worth 1/3 of original price. If argieland went bust, why is it still spending money? Why aren't they all starving or eating each other? Leg of Cordoba resident, anybody? Bit of Rosario loin? And, from Buenos Aires, crushed nuts?
@8. Here's a little bit of information.
1. Definition of default in the original prospectus for Argentina’s 2005 debt exchange:
“Notwithstanding the foregoing, Argentina's obligations to make payments of principal and interest on the New Securities shall not have been satisfied until such payments are received by registered holders of the New Securities.”
2. Similar in the original prospectus for Argentina’s 2010 debt exchange.
See, there's a minor difference between us and the argies, we can read! And we also comprehend.
Argieland is in default. Not only in contempt of court (in the jurisdiction it chose) but, apparently, a lying little toerag as well.
If it was a possibility, argieland should be taken over by a responsible authority. The UK. After a 'reasonable' euthanasia programme to reduce the population to a sustainable level, both argies should be released into the wild. A game park. At their own request, both argies should be male. Or as close as argies can get.
@9. Agreed.
@11. Slugs need stepping on. Or are you hungry enough to slurp 'em up? They don't die, you know. Just keep eating. And breeding.
Under normal (non-governmental) circumstance a conservator or trustee could be appointed to manage the assets of the defaulter and act in behalf of the creditors. This is unworkable as it leaves the shell of rotting roadkill in place and the full potential for the possibility of similar thuggery in the future.
Oct 07th, 2014 - 04:13 pm - Link - Report abuse 0To adequately guard against such future occurence, the now contiguous portions of rotting roadkill should be divided between Chile, Bolivia and Paraguay. Buenos Aires shall be “allowed” to accede to Uruguay. Set aside provisons shall be made for the citizen of the Falklands to receive 500, 000 Euros each and a 10 for 1 land swap in the Nuevo Chile state.
All Peronista - if they so choose - could then repatriate to the Malvinas and continue the struggle. Their title to the islands would be exclusive of riparian and other maritime rights that would otherwise accrue to a sovereign nation.
The adminstration of the dilution of the territory of rotting roadkill could be accomplished by a board composed of representatives of Chile and Paraguay; the UK and Spain; and Italy and Germany. Sole arbiter of any issue unresolved would be the Federal Court Southern District of New York.
@ 14 chronic
Oct 07th, 2014 - 06:45 pm - Link - Report abuse 0Amusing as your little ditty is, there are a few “improvements” I can suggest:
1) Drop any and all references to any part of TDC being involved with Uruguay; we have enough idiots in government as it is;
2) Why pick the Falklands? You do realise there are at least 15 MILLION Peronistas, don’t you? Are they going to sleep tip to toe on the airfield, minefield and any other field that creates a risk to life? I do hope so;
3) Why saddle the islanders with the useless Euro, do you not know that the Falklands Pound is the direct monetary equivalent with the UK Pound?
4) 500,000 Euros is way, way too low in value for any one Falklander to move from the Islands to any other country, 50 Million Pounds each might just tempt them but even then I am unsure just how many would accept the deal.
Other than that your suggestion may be a runner. :o)
15. It's a work in progress. Thank you for your contributions.
Oct 07th, 2014 - 09:11 pm - Link - Report abuse 0What Cohen is reported being saying here, he has said it long before. He feels the floor is shaking and keeps singing his swan song as the world increasingly awakes at the aberration that the maneuvers of country-less vultures mean to the whole world.
Oct 08th, 2014 - 03:50 am - Link - Report abuse 0Read today's story on the IMF saying legislation must prevent occurrences similar to Argentina's in the future. Sorry guys. Go take your Pepto-Bismol.
@17
Oct 08th, 2014 - 07:18 am - Link - Report abuse 0The important wording to take on board from the IMF is ....'in the future'.
Every one knows Argentina created their own mess, as the saying goes
'you have made your bed, now you have to lie in it'.
Argentina seems to think that support for a change of rules in restructuring debt in the future, some how means they can retrospectively apply it to their case and refuse to pay.
Argentina went broke trying to wring cash out of a deadbeat like Argentina is counterproductive
Oct 08th, 2014 - 09:34 am - Link - Report abuse 0@17. What are you trying to say? Retrospective legislation in a valid state is invalid. Go on, prove argieland is even more criminal and corrupt. The UNGA cannot 'force' honest states to enact legislation. And such legislation would be invalid anyway. Best to cough up the US$2 billion plus. Oh, and states supporting argieland should be very careful. Judge Griesa has proved that he has no difficulty in declaring states to be in contempt. The world is taking note. Will China and Brazil be the next ones in contempt?
Oct 08th, 2014 - 04:47 pm - Link - Report abuse 0@19. Oh, I don't know. Do you understand that punctuation promotes comprehension? Are argies still eating, heating, lighting? Are factories still operating? All that must STOP. If the 'money' is worth anything, it must be surrendered. Argies got the benefit of a scammed US$93 billion. Payback time!
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