Billionaire Kenneth Dart’s EM Ltd. is seeking to take advantage of a U.S. court ruling won by fellow billionaire hedge fund manager Paul Singer NML Capital, as he seeks payment on 835 million dollars in defaulted Argentine bonds. Read full article
I've said before, if the Kidiots think they can pay NML in Jan and all of a sudden they'll be able to float bonds or take loans in Jan they are very mistaken.
This default will only get worse in 2015.
Seems the sky is turning grey over Argentina. Must be the growing number of vultures circling.
Wonder what it is like growing up knowing you are condemned as carrion to pay your parents debt?
Nice one Cristina, ruining your country for a future generation because of your misplaced pride and foolishness.
I loathe the woman. The UN should send thousands of troops as peacekeepers and appoint the Chileans as administrators.
Now I mention it, Venezuela could well benefit from something similar, but also be investigated for Human Rights abuse too.
There is nothing knew on this last development. Argentina had already asked to incorporate all the holdouts so it could negotiate with those creditors representing 7.6 per cent of the total debt.
This way, once the RUFO clause expires Dec. 31, the holdouts will have an opportunity to reach a reasonable agreement with the country, avoiding further delays and legal costs.
In the meantime, Argentina, for which the army of trolls were writing obits a few months ago, is chugging its way along, doing pretty well for a country ”pushed to (technical) default by a seemingly all-powerful NY judge.
The Honourable Thomas Griesa must be buying Gaviscon in bulk.
Los muertos que vos matáis, Señor Griesa, gozan de buena salud.”
@9. Poor baby. The holdouts want 100%. Not the 7% argieland wants to pay. Meanwhile, the hedge funds continue to do business elsewhere and replenish the legal coffers. Still, keep your fingers crossed. The hedge funds might decide to settle for 95% plus interest and costs. Will argieland suddenly find that Judge Griesa has decided to levy US$500,000 per day for the contempt. Perhaps he'll send in a bill each month. US$15 million a time.
Still 'chugging' downhill, are you? Who slumped 2% in August then? Indec figures are so unreliable! How's the inflation? By the way, that 27 billion US dollars in reserves? Over 2 billion belongs to NML and friends! And that attempt to get the bond dealing rules changed at the UN? Retroactive legislation is illegal.
If that were truly the case how come only U$1.7B was built into the 2015 budget to pay off creditors?
Its pretty meaningless anyway BCRA doesn't have the free cash and there's no way for the Arg Treasury to get it either.
I do think its funny you think this will be over in Jan 2015.
It won't be
Not even close to being over
WHAT !!! They want their money back with interest too !! Well shit, I guess the next thing they're going to want is to get it back in the same denomination that they invested it.
The logic in this is amazing. I wonder if the developed world embraces this ridiculous concept !! NAAAAAAAWWWW.
12:00pm Thurday is the end of the grace period for the interest payment on the rotting roadkill Par bond - which are also subject to NY law and subject to an accelerable payment demand of $14,000,000,000.00 U.S. by the holders thereof.
Cretina already has her Zombie makeup on. rotting roadkill is the walking dead.
The whole time I've been watching and reading about Argentina they routinely put all of their hopes, dreams and saviour in on thing, Soy, Vaca Muerte, Brazil, Venezuela etc etc etc.
I actually love watching it, the Rg PR build up, VM will save us all, blah blah then something happens and you never hear about it again.
2015 will be fun to watch.
....given up on 2014...
All your prophesies of doom and gloom and the end is nigh for Argentina...
and it's still there....
Singer and sew and sew are still not paid....
...remind me again of the total sum in cents they have seized so far....
Some just don't get it. Whether Singer or Dart every collect a single cent from rotting roadkill - their lifestyles won't be adversely impacted in any appreciable fashion.
rotting roadkill and the rotting roadkillians are however as a result of these unresolved issues doomed to another generation of privation from a first world standard of living.
25
Never been Pops.....but surely like all countries there will be bad areas and good...
I was not particularly impressed with a lot of Rome the river was pure putrid and I thought Athens was a dump...but that was just my opinion a lot of people think it's great.
27
Noticed a Canadian...DerkeBlake... from West Vancouver using Canadian spellings....;-)
Whatcha got to say about that....huh...huh....
34. I never expected 2014 to be as bad as it is I think inflation will finish out around 50%, higher than I predicted at 40%.
Also maybe you should check my posts, I said long ago the goal is not to seize cash it is to embarrass the regime.
I think they're doing quite well with that.
and its only been 2 mos
Just wait to see what they can uncover in a year.
The reason I think 2015 will be bad is they have u$12B due in payments on bonds and to Int'l banks. They have maybe U$5B, Soy will be a disaster and they won't be exporting many cars.
I can't wait.
This year was fun next year will be even more fun to watch.
Let the blackouts begin!!!
oh wait they already have
snicker
Now that Dart is joining his other robber baron friends the Argies have no incentive to deal with the vultures because it just continues. Their only incentive is to pay the bond holders. That's what they are doing now - at least the European ones. Can't pay the yank bond holders because yank justice ha ha. We have proper British justice. Maybe the yanks will get an anti vulture law like everybody else.
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But the payment has just gone through. My grandmother has received her payment. The robber baron yank thugs have been defeated. Wakee wakee dumb yank.
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If british bomber had ANY pride.....would commit suicide. I would certainly mail an old double edge. BB.....wrist to elbow!! Is there an RG stupider than her?
Comments
Disclaimer & comment rulesI've said before, if the Kidiots think they can pay NML in Jan and all of a sudden they'll be able to float bonds or take loans in Jan they are very mistaken.
Oct 25th, 2014 - 11:42 am - Link - Report abuse 0This default will only get worse in 2015.
I am giddy with anticipation.
Anyone know anything about:
Oct 25th, 2014 - 01:56 pm - Link - Report abuse 0CONCH ENTERPRISES LLC?
AMARAL OVERSEAS LLC ?
GIFFORD SERVICES LLC ?
PLATINUM ASSETS ENTERPRISES LTD. ?
ROSEMEAD GROUP LLC ?
OVERSEAS MERCHANDISING LLC ?
INTERNATIONAL ENTREPRENEURS LLC?
May be (hopefully), in January (after the expiry of the RUFO clause) this since 2002 ongoing NIGHTMARE Default will be over.
Oct 25th, 2014 - 04:57 pm - Link - Report abuse 03. Don't hold your breath, I think this will have at least a year or two of play left in it.
Oct 25th, 2014 - 05:18 pm - Link - Report abuse 0Here's some more:
Oct 25th, 2014 - 05:41 pm - Link - Report abuse 0GAZEL INTERNATIONAL LLC ?
HUTTON MANAGEMENT LLC ?
Mr. Edmund Ward ?
Follow the money trail.
@3: Holdy, in diesem forum musst du ein bisschen realistischer sein.
Oct 25th, 2014 - 06:50 pm - Link - Report abuse 06
Oct 25th, 2014 - 07:28 pm - Link - Report abuse 0@ 3: Holdy, in this forum you must be a bit more realistic.
Seems the sky is turning grey over Argentina. Must be the growing number of vultures circling.
Oct 25th, 2014 - 11:59 pm - Link - Report abuse 0Wonder what it is like growing up knowing you are condemned as carrion to pay your parents debt?
Nice one Cristina, ruining your country for a future generation because of your misplaced pride and foolishness.
I loathe the woman. The UN should send thousands of troops as peacekeepers and appoint the Chileans as administrators.
Now I mention it, Venezuela could well benefit from something similar, but also be investigated for Human Rights abuse too.
There is nothing knew on this last development. Argentina had already asked to incorporate all the holdouts so it could negotiate with those creditors representing 7.6 per cent of the total debt.
Oct 26th, 2014 - 06:29 am - Link - Report abuse 0This way, once the RUFO clause expires Dec. 31, the holdouts will have an opportunity to reach a reasonable agreement with the country, avoiding further delays and legal costs.
In the meantime, Argentina, for which the army of trolls were writing obits a few months ago, is chugging its way along, doing pretty well for a country ”pushed to (technical) default by a seemingly all-powerful NY judge.
The Honourable Thomas Griesa must be buying Gaviscon in bulk.
Los muertos que vos matáis, Señor Griesa, gozan de buena salud.”
@9. Poor baby. The holdouts want 100%. Not the 7% argieland wants to pay. Meanwhile, the hedge funds continue to do business elsewhere and replenish the legal coffers. Still, keep your fingers crossed. The hedge funds might decide to settle for 95% plus interest and costs. Will argieland suddenly find that Judge Griesa has decided to levy US$500,000 per day for the contempt. Perhaps he'll send in a bill each month. US$15 million a time.
Oct 26th, 2014 - 10:40 am - Link - Report abuse 0Still 'chugging' downhill, are you? Who slumped 2% in August then? Indec figures are so unreliable! How's the inflation? By the way, that 27 billion US dollars in reserves? Over 2 billion belongs to NML and friends! And that attempt to get the bond dealing rules changed at the UN? Retroactive legislation is illegal.
If that were truly the case how come only U$1.7B was built into the 2015 budget to pay off creditors?
Oct 26th, 2014 - 12:43 pm - Link - Report abuse 0Its pretty meaningless anyway BCRA doesn't have the free cash and there's no way for the Arg Treasury to get it either.
I do think its funny you think this will be over in Jan 2015.
It won't be
Not even close to being over
WHAT !!! They want their money back with interest too !! Well shit, I guess the next thing they're going to want is to get it back in the same denomination that they invested it.
Oct 26th, 2014 - 04:26 pm - Link - Report abuse 0The logic in this is amazing. I wonder if the developed world embraces this ridiculous concept !! NAAAAAAAWWWW.
@12
Oct 26th, 2014 - 06:10 pm - Link - Report abuse 0In the world of make-believe all things are possible...
:)
Zombie walk on Friday!
Oct 27th, 2014 - 06:57 pm - Link - Report abuse 012:00pm Thurday is the end of the grace period for the interest payment on the rotting roadkill Par bond - which are also subject to NY law and subject to an accelerable payment demand of $14,000,000,000.00 U.S. by the holders thereof.
Cretina already has her Zombie makeup on. rotting roadkill is the walking dead.
@14
Oct 27th, 2014 - 07:47 pm - Link - Report abuse 0Oooh! A Halloween Party! How apt! Can we wear costumes? And dancing shoes? Make a night of it? Day of the Dead etc?
I'll bring a cake! You got popcorn? Fancy a Bloody Mary or five? a gallon jug perhaps!
Theme-night? Carri-on Cristina
What larks!
Bah - ha - ha...!!
Oct 27th, 2014 - 08:23 pm - Link - Report abuse 0Sid James - Actor
Ooh no, please, it's wicked to mock the afflicted!
Oct 27th, 2014 - 09:05 pm - Link - Report abuse 0Frankie Howerd - Legend
:-D
Oct 27th, 2014 - 09:40 pm - Link - Report abuse 0The dead cow has a dead cow :
Oct 27th, 2014 - 10:49 pm - Link - Report abuse 0Oil is trading below $80 US. Her lifting cost is north of 90! lol
Dead Cow walking. lol
Don't have a cow, man! Bart Simpson to Marge Simpson.
Oct 28th, 2014 - 12:14 am - Link - Report abuse 0We don't have a cow, ma'am Austral Elvis to Queen Kristina.
20. La vaca es asesinado. Ja, ja.
Oct 28th, 2014 - 12:48 am - Link - Report abuse 0:-))))
Oct 28th, 2014 - 01:16 am - Link - Report abuse 0Lol
The whole time I've been watching and reading about Argentina they routinely put all of their hopes, dreams and saviour in on thing, Soy, Vaca Muerte, Brazil, Venezuela etc etc etc.
Oct 28th, 2014 - 10:45 am - Link - Report abuse 0I actually love watching it, the Rg PR build up, VM will save us all, blah blah then something happens and you never hear about it again.
2015 will be fun to watch.
2015 will be fun to watch.
Oct 28th, 2014 - 07:10 pm - Link - Report abuse 0....given up on 2014...
All your prophesies of doom and gloom and the end is nigh for Argentina...
and it's still there....
Singer and sew and sew are still not paid....
...remind me again of the total sum in cents they have seized so far....
Voice have you been to Argentina? I would hardly call it Utopia....perhaps Utopia according to the Kim family.
Oct 28th, 2014 - 08:28 pm - Link - Report abuse 0Some just don't get it. Whether Singer or Dart every collect a single cent from rotting roadkill - their lifestyles won't be adversely impacted in any appreciable fashion.
Oct 28th, 2014 - 08:44 pm - Link - Report abuse 0rotting roadkill and the rotting roadkillians are however as a result of these unresolved issues doomed to another generation of privation from a first world standard of living.
25 Poppy
Oct 28th, 2014 - 10:02 pm - Link - Report abuse 0 ...Utopia according to the Kim family's.
LOL !!
Voicey has never been to the US, let alone Argentina.
Perhaps a Youth Camp behind the Iron Curtain, once upon a time... ?
25
Oct 28th, 2014 - 11:50 pm - Link - Report abuse 0Never been Pops.....but surely like all countries there will be bad areas and good...
I was not particularly impressed with a lot of Rome the river was pure putrid and I thought Athens was a dump...but that was just my opinion a lot of people think it's great.
27
Noticed a Canadian...DerkeBlake... from West Vancouver using Canadian spellings....;-)
Whatcha got to say about that....huh...huh....
WestVancouver??
Oct 29th, 2014 - 02:46 am - Link - Report abuse 0Are you sure?
Did you leap to the Internet to look up Horseshoe Bay?
Oh, you are obsessed with me, aren't you ??
Normally, I might be flattered, however, as its you... I find it more than a little creepy... ugh!
And what are the characteristics of Canadian English?
I don't think you would know - you haven't been here.
I hear a set of pipes, wailing.
34. I never expected 2014 to be as bad as it is I think inflation will finish out around 50%, higher than I predicted at 40%.
Oct 29th, 2014 - 01:39 pm - Link - Report abuse 0Also maybe you should check my posts, I said long ago the goal is not to seize cash it is to embarrass the regime.
I think they're doing quite well with that.
and its only been 2 mos
Just wait to see what they can uncover in a year.
The reason I think 2015 will be bad is they have u$12B due in payments on bonds and to Int'l banks. They have maybe U$5B, Soy will be a disaster and they won't be exporting many cars.
I can't wait.
This year was fun next year will be even more fun to watch.
Let the blackouts begin!!!
oh wait they already have
snicker
Try it. It is so much more than typing about it.
Oct 30th, 2014 - 12:26 am - Link - Report abuse 0I see debt acceleration is in the works tomorrow.
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Oct 30th, 2014 - 01:09 pm - Link - Report abuse 0Hash: SHA1
Now that Dart is joining his other robber baron friends the Argies have no incentive to deal with the vultures because it just continues. Their only incentive is to pay the bond holders. That's what they are doing now - at least the European ones. Can't pay the yank bond holders because yank justice ha ha. We have proper British justice. Maybe the yanks will get an anti vulture law like everybody else.
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yankee the robber senors who stole the bondholders money is about to meet their consequences of stealing investors money.
Oct 30th, 2014 - 03:34 pm - Link - Report abuse 0Anyone remember who the stupid RGTroll was that said bondholders would gladly accept their payment under Rg law?
Oct 30th, 2014 - 04:32 pm - Link - Report abuse 0Had to be Think, Voice, British Bomber or some other complete retard.
Not ONE, let me repeat this NOT ONE bondholder accepted to be paid out of Banco Nacional under Rg law.
Gads I wish I had the time to go back and look so I could further make fun of their moronic statements.
Psst...told ya.
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Oct 31st, 2014 - 01:44 am - Link - Report abuse 0Hash: SHA1
at 34
But the payment has just gone through. My grandmother has received her payment. The robber baron yank thugs have been defeated. Wakee wakee dumb yank.
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35
Oct 31st, 2014 - 04:03 am - Link - Report abuse 0Yeah, sure...
If british bomber had ANY pride.....would commit suicide. I would certainly mail an old double edge. BB.....wrist to elbow!! Is there an RG stupider than her?
Oct 31st, 2014 - 09:17 am - Link - Report abuse 0Commenting for this story is now closed.
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