MercoPress. South Atlantic News Agency
Griesa yields: allows Citibank to process interest payments of Argentine law bonds
United States Judge Thomas Griesa finally authorized Citibank Argentina to process interest payments of bonds issued under Argentine law, with a payment deadline on March 31 and on June 30, and to exit its custody business in Argentina. Read full article
Comments
Disclaimer & comment rulesRound, round, wheels going round, round, round
Mar 23rd, 2015 - 05:54 pm - Link - Report abuse 0Down, up, pedals, down, up, down
But I got to back-pedal to the other side of town
Before the sun goes down, heyeyey
.....;-)))
Interesting that NML has said that it reached an agreement with Citibank. Citibank wants to exit the 'custody' business. Perhaps it couldn't unless NML agreed. Mr Singer may still be calling the shots. The agreement only applies to Citibank.
Mar 23rd, 2015 - 06:23 pm - Link - Report abuse 0So Greisa gets what he wanta in the long run.
Mar 23rd, 2015 - 07:41 pm - Link - Report abuse 0Citibank finally doesn't have to deal with the Argentine government's mess.
And Argentina has to find another bank.
Can't wait to see how an Argentinean education sees this 'win'.
You shall not paaaasssss !!!!
Mar 24th, 2015 - 01:21 am - Link - Report abuse 0Oh go on then.
Is this part of a 'dignified exit' for Citi-bank?
Mar 24th, 2015 - 01:40 am - Link - Report abuse 0Griesa has single handedly destroyed any idea of competence in the US judiciary system and should have been retired years ago. What a reprobate trying to get out of a mess he created.
Mar 24th, 2015 - 02:35 am - Link - Report abuse 0The Honourable Thomas Griesa bluffed till the last minute, then when Argentina did not budge, he refrained from harming a large financial institution that is headquartered in NY.
Mar 24th, 2015 - 02:55 am - Link - Report abuse 0The judge is just trying to step up the pressure on Argentina in any possible manner and that is why since last summer he is preventing lawful debt service payments to the bondholders representing 93 per cent of the country's restructured foreign debt.
Those who bought bonds for pennies on the dollar with the exclusive purpose of suing to get 100 per cent of the bonds' face value (Paul Singer's NML Capital and some others) are priority for the judge.
What a clever agreement signed by Citibank and the Plaintiff
Mar 24th, 2015 - 04:45 am - Link - Report abuse 0hold-outs and approved by Judge Griesa last Friday. If you read the
official court document; the approval by the judge was in no way inconsistant
with his prior rulings.
The co-plaintiffs agreed to give Citibank an oportunity to exit its custody
business in Argentina and agree to allow Citibank - and Citibank only -
to process the Argentina Law Exchange Bond payment due on March 31; if
Argentina chooses to violate the “pari passu” injunction.
The agreement does NOT stay the “pari passu” injunction ( Argentina is not
permitted to make a payment on Argentina Law Exchange Bonds, unless it
pays or settles with the co-plaintiffs ).
Oh yay El Diego is back!
Mar 24th, 2015 - 09:41 am - Link - Report abuse 0I love this guy!
Especially when he said he was going to have dinner with the Rio de Janeiro governor Sérgio Filho TWO MONTHS AFTER he lost the job!!!
http://en.mercopress.com/2014/06/19/argentina-says-june-30-bond-service-in-new-york-was-made-impossible-by-lifting-stay-order#comment333583
Wonder how he opened the sock drawer?
These stupid Kidiots are playing checkers while NML is playing chess. If you think this is a win for Argentina and a loss for NML you are very mistaken.
Mar 24th, 2015 - 09:55 am - Link - Report abuse 0Watch how this rolls out and how Argentina is strangled by Sept.
Psst I'll give you a little hint “Caja de Valores” and DTCC
NML is a Cat playing with an Rg mouse.
Yep. Speedy Gonzalez and Sylvester.
Mar 24th, 2015 - 11:37 am - Link - Report abuse 0although Sylvester probably had more success.
or maybe these 2 : www.listal.com/viewimage/286805
11. Is that the extent of your learning?
Mar 24th, 2015 - 11:51 am - Link - Report abuse 0Methinks yes, yes it is.
Sad Sistah, very sad.
@6
Mar 24th, 2015 - 01:24 pm - Link - Report abuse 0Give my regards to Giselle! ;)
http://i1290.photobucket.com/albums/b521/imoyaro/chopperlaff_zpsryuikyku.gif
remind we again - oh yes I remember Argentina was going to have an economic collapse last year thanks to Griesa and co and according to the clairvoyant posters on this site.
Mar 24th, 2015 - 01:40 pm - Link - Report abuse 0And guess what happened when Argentina didn't pay the bloodsuckers - absolutely nothing!
And two guesses what will happen this year? First prize for the most accurate guess is a weekend in my Patagonian ranch ! Thankfully we won't have to have any of you lot down
And yes Sergio is a great friend
I always chuckle when I see a post from Diego because I remember the ridiculous lie of taking a private jet from Houston to Argentina. Then when I pointed out there were no jets leaving that night from Houston to Argentina he changed the story to pick up his gf in Rio.
Mar 24th, 2015 - 01:51 pm - Link - Report abuse 0Gads what a liar.
Silly fool you make yourself into an idiot on this board.
Give up and take some more lithium.
Pretty soon your flying unicorn will take you to Mars.
The only lies in this board are the ones you lot tell yourselves about Argentina.
Mar 24th, 2015 - 02:17 pm - Link - Report abuse 0That is rather sad for you all that you hate something so much. I am so glad we don't have such hatred and loathing in Argentina.
It's not the countries fault if you make some dumb ass investment and lose money as that's your own fault - hahahaha
Predicting again what will never happen it's no wonder you guys lose so much money.
I will be in Houston soon again to pick up some cheap oilfield assets and take them down to Argentina as another great opportunity arises
the industry is booming and will get even bigger
He's a regular Gualterio Mitti. ;)
Mar 24th, 2015 - 02:29 pm - Link - Report abuse 0http://i1290.photobucket.com/albums/b521/imoyaro/chopperlaff_zpsryuikyku.gif
I am sure the opportunities in the VM oil business are wonderful. It so obvious when so many companies are rushing in to do business.
Mar 24th, 2015 - 02:55 pm - Link - Report abuse 0Psst 77-45= $32/bbl loss and oil is going lower.
Such a silly fool.
Pssst:
Mar 24th, 2015 - 03:23 pm - Link - Report abuse 0USA drops 500 rigs, oil companies going bankrupt, massive job losses and cheap assets for sale , Texas real estate going down
Argentina rig count growing, jobs everywhere , Neuquen real estate climbing
Go behind the cheap headlines dumbass and try to get educated before you comment on here
We are making so much money right now and you can invest if you have any money left!
19. Bahahahaha
Mar 24th, 2015 - 03:26 pm - Link - Report abuse 0Do you roll around in all your gold like Scrooge McDuck.
Silly stupid fool.
If oil is not profitable in the USA HTF could it be profitable in Argentina?
Splain me Dego..splain me
Well if you knew anything about the Argentine oil and gas industry you wouldn't ask such a dumb ass question. Check the statistics and guess where where we are making money - Argentina or USA? I will give you a tip - its not gringo land - hahaha. Don't worry we are coming up to buy some of your bankrupt assets at cheap prices and make even more money!! But hey you stick with Griesa and he will take care of you all - hahahahahaha
Mar 24th, 2015 - 06:41 pm - Link - Report abuse 0The facts speak for themselves:
http://www.bakerhughes.com/rig-count
Argentina year on year rig count change: +10%
USA year on year rig count change: - 40%
Typical news headline 2015 from USA oil patch:http://www.bakerhughes.com/rig-count
bankruptcy , lay offs, etc
And Argentina its al about growth, rigs, jobs real estate
http://www.bakerhughes.com/rig-count
El Diego, you are back!
Mar 24th, 2015 - 06:42 pm - Link - Report abuse 0Bet the Ferrari didn't like having to spend all of this time in its' Matchbox!
https://www.youtube.com/watch?v=IahO2NLhM_0
What a dickhead you are.
How droll. “El Diego” reads like Voice/Noise. ;)
Mar 24th, 2015 - 08:24 pm - Link - Report abuse 0http://i1290.photobucket.com/albums/b521/imoyaro/chopperlaff_zpsryuikyku.gif?1427228481375&1427228481754
23. Yes very much like the Sistahs.
Mar 24th, 2015 - 08:44 pm - Link - Report abuse 0Very much indeed.
Anyone want to bother explaining to Scrooge McDuck that rig count doesn't mean something is profitable...doesn't mean that at all.
Could even be YPF drilling old sites a bit
Funny all this oil they squawk about yet they keep importing more and more even in a deep recession.
Wonder why?/
I think I know..
Yea Chris I bought a new one a few months back from out profits in 2014. Now go back to sleep again
Mar 24th, 2015 - 08:47 pm - Link - Report abuse 01 Gee, your post really showed em.
Mar 25th, 2015 - 01:13 am - Link - Report abuse 0El Diego
I forget which of our usual deadbeats I'd worked out you were when you were sprouting shit on here last. Save me a couple of days trying to figure it out and just tell us. Which other deadbeat name do you most commonly use on here? You don't sound like a Latin American to me so I'm guessing you could be Think/ Dover/ Voice or perhaps you're one of the others.
Come on. Who are you?
Chuckle chuckle.
So rig counts are no longer valid because you don't like the numbers. As I told you all we have been investing there for last 5 years and the returns have been huge and even now in middle of collapse in oil price we are making a fortune and 2015 is looking to be huge.
Mar 25th, 2015 - 02:00 am - Link - Report abuse 0And guess what Griesa and the vultures have lost the battle and Argentina economy didn't collapse
How can you all get it SO wrong so consistently well?
Arriba El Diego. Great postings!
Mar 25th, 2015 - 04:42 am - Link - Report abuse 0@Diego
Mar 25th, 2015 - 07:36 am - Link - Report abuse 0Be careful not reveal the location of these oil rigs. Conqueror may lauch air attacks from HMS Royal Fart
Diego a 105 increase is what 5 rigs? Whooped do do.
Mar 25th, 2015 - 11:45 am - Link - Report abuse 0Oil is U$47 and Falling
It costs U$77 to drill VM
Hence nobody is making money you fool.
Sheesh what a blockhead.
Go talk with Schlumberger, Halliburton or anybody else and ask them where they are getting the best return on in investment right now in the Americas and guess what the answer will be? Our company is having its best year so far in Argentina and 2015 is looking to be even better! But hey don't change your investment thinking and you can wait until the market goes down in a few years time and then the stupid gringos will start investing when its too late and everybody else is getting out and then start blaming the country and government because the lose all there money- sound familiar to you??
Mar 25th, 2015 - 01:12 pm - Link - Report abuse 0and by the way you need to go back to school again and learn the difference between drilling costs and the cost of a bbl of oil - hahaha - what a dickhead
Maybe Griesa can “order” the price of oil to go up again in USA?? HAHAHAHAHA
31. Sistah, I love chatting with you. Tell me oh great investor how does one make money when it costs U$77/bbl to drill but you sell it at U$47bbl.
Mar 25th, 2015 - 01:37 pm - Link - Report abuse 0BTW are those 5-7 extra drills finding anything?
I did see that theres 31% less nat gas drills, one would think that would be more of a priority than oil you can't refine in country.
But I'm sure CFK knows better than me.
Silly silly fool.
we are providing drilling rigs and services for all this rigs and have been doing so for past 5 years with excellent results. We also invested in real estate in neuquen and our investment has tripled and still growing!
Mar 25th, 2015 - 02:32 pm - Link - Report abuse 0Rig count is also growing and pricing is excellent still and I advised you some years ago to invest but you said don't invest in Argentina and its safer to invest in USA after you lost all your money in Argentina due to your own bad timing but started blaming the government for corruption, etc - and now the USA rigs is 40% down and you are losing money there also so who is to blame now? - oh yes we already know - its Obama!!! hahaha
Listen cut your losses in thw USA and buy some shares in Paul Singers funds - the timing is great right now and would fit your investment style - invest just as everybody else is getting out - hahahaha - a sucker is born every day!!!
33. Sistah, I asked you 2 very simple questions and you wrote complete nonsense taht has nothing to do with answering the questions.
Mar 25th, 2015 - 02:36 pm - Link - Report abuse 0Try again.
FYI I made $ when I lived in Argentina so I don't know where your getting your talking points.
the oil price is subsidized in argentina and thats why the activity has not dropped like in USA and oil companies continue to drill - the government sees the oil industry as a key strategic industry in support of the policy to be energy self sufficient. We saw this 5 years ago and started investing in drilling rigs and drilling equipment and is one of our best investments ever - thank you Argentina !
Mar 25th, 2015 - 02:57 pm - Link - Report abuse 0we all know the oil price fall is temporary so the government is doing the smart strategic thing to keep the industry drilling and watch it grow even further in 2016 with a new government and higher oil prices. YPF are getting the drilling costs cheaper every day and right now is the time to buy up those idle drilling assets in texas cheap and bring them down (free advice :))
If you wait until 2016 or 2017 it will be way too late.
this is not the USA and if you don't understand the market you will lose money
So what you are say is I was right.
Mar 25th, 2015 - 10:34 pm - Link - Report abuse 0Your business plan is based on a lithium soaked nutbag doling out fiat currency.
Good plan
I hope it works for you
If I were you I'd take your money and run like the smart maoney did many years ago.
Methinks you don't know much about Argentina Sistah
not much at all.
its been working for 5 years now and the same for other international service companies in this most recent cycle - i already showed you the rig count but now you don't want to count that because you don't like the numbers. Go to the most recent schlumberger and halliburton investors tele conference where they talk about latin america and the growth in argentina in particular - business is booming in argentina -
Mar 26th, 2015 - 02:54 pm - Link - Report abuse 0I am sorry you lost your money and feel so bitter about that but don't blame the government or jump on the Griesa bandwagon or any other anti argentine bandwagon for your own ineptitude or ignorance.
You are consistently getting it wrong and really making a great case for dumbass gringos out of their depth - what a sucker hahaha. We just love taking money from dumbass gringos - hahahaha
Be up in houston soon to buy your bankrupt assets at knockdown prices - see you there at houston polo club!
I don't think they let Latins in the Polo Club unless they're serving.
Mar 26th, 2015 - 03:05 pm - Link - Report abuse 0Anyhoo, as I said I never lost $ in Argentina and I am not bitter. I'd also not stake my fortune on a Lithium soaked nutbag and her delusions.
You do what you like.
Oh dear racism now as well. Actually in Argentina we set the standard for world class polo and are often invited to the Houston polo club as special guests to show them how to play it properly. We regularly whip your ass at this too (and the Brits)
Mar 26th, 2015 - 06:08 pm - Link - Report abuse 0Come and join us for a malbec and a chukka or two.
No thanks. I spent many a day at the Jockey Club in San Isidro. I never met anyone quite like you, Scrooge McDuck.
Mar 26th, 2015 - 06:27 pm - Link - Report abuse 0Tell me, do you have fake blond hair like all the wannabe Rgs?
I even met people with fake blue eyes there.
Its sad.
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