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Montevideo, February 6th 2023 - 19:19 UTC
Argentina has launched a stinging attack on hedge funds attempting to block payment on last month's Bonar 24 debt issuance, stating that the petition shows the 'vulture funds' desperation following the successful auction. Read full article
the arg robberment under the ck gang is violating contracts with their debtors since 14 years.
kic-ill is member of the robberment gang and the poodle of ck, barking what she is telling him to say.
Politics aside it is outside of Gresia's juristriction, so NML don't have a case.
They arre not going to see a cent until next year
2. Its not this transaction they're really interested in, its the next one where they have to re-fi in Sept. NML is sending out a warning shot to the Int'l banks that they'll get caught up in this mess if they help Arg in the transaction.
This transaction was tiny the next one isn't so small and if they can't re-fi they will have to declare default.
That's the game
Austral Elvis is playing checkers and Singer is playing chess.
Singer is winning in case anyone is keeping score.
Singer is winning in case anyone is keeping score.
What's the score so far....? 600... nil...;-))))
4. He's won all the way up to SCOTUS and all the cases that have counted.
Singer is a big cat playing with a little mouse.
num num num
@5 More like a snake playing with a dirty rat!
Singer is wining like you are wining! Nothing
7. Rgs have a very hard time understanding how things work in the Civilized world and it seems they don't know when its the beginning middle or end of something.
I would expect the matter to hopeful be resolved with due speed so forward progress can commence, to go beyond still would be better for all.
Yanks have a very hard time understanding how things work in the Civilized world ...
One would normally assume when investing in Investment Companies that your return would be in dollars and not embarrassing humour....
Please inform us of the yield in dollars so far after a decade...you might want to calculate in cents....
stinging attack indeed! LOL.
TROLLS IS TROLLS.
Well we shall just have to await Gresia's ruling on the matter.
However even if he rules in favour of Singer & Co, it’s difficult to see what could be done about bonds already now issued in Argentina.
@2. Did you notice that the motion was filed by Aurelius Capital? Have you found a filing by NML?
@12. YB would need to comment on this. Let's go this way. Suppose that Griesa rules that the Bonar 24 bonds are covered by his current rulings. In other words, argieland cannot legally make any payments on these bonds unless it pays the hold-outs first. Every financial institution throughout the world is 'advised' that assisting argieland is a breach of Griesa's order. It has been shown, on more than one occasion, that Griesa's reach is far longer than argieland could conceive. Notice the tenor of the headbanger's statement. Total desperation. Let's wait and see what Griesa has to say.
12. If there were Int'l bank involved he could demand they claw back the funds from the purchasers.
10. I told you last week Elliot management returned 14.5%net annualized return to their investors. A very very good return. Are you going to ask again next week? BTW the funds under management are friends and family. He's beholden to no one but himself.
Suck it up loser.
General head-scratching all round at this meeting held by the Atlantic Council in Washington earlier today. The Dutch banker cannot understand why Arg didn't settle with the holdouts out of Court before Griesa made the ruling. The best bit is around 49 minutes in where the whole room is having a good laugh at Arg expense. Watch the Arg ambassador squirm. Priceless ;-D
The vultures want the Argentine money, but they also want to show what they can do to a defiant country. So the fight is as much political as it is economical.
However, the Argentine government's resistance is showing its citizens that it is possible to oppose rapacious financiers and their friends.
It has been almost a year since the worldwide media, opponents domestic and foreign were singing praise for Judge Griesa and thought the country would be on its knees and forced to cave in to the vultures' demands.
Instead, the country has gone about its business, found new partners and getting capital through creative ways.
The opposition, which was howling that Argentina had no alternative but to pay the vultures a year ago, has understood the unpopularity of their position, becoming silent on the matter.
The more NML and Aurelius try, the more they better the position of the Victory Front. Keep trying guys.
Singer etal have already made their stake back PLUS all their venture capital cost by shorting all things rotting roadkill as they drove the economy into a downward spiral.
Everything now is just juice.
Paul lives well.
rotting roadkilians currently just survive.
Reekie, Are the rise in kidnappings the fault of the neo-liberal policies of the 90s?
I wonder if there will be a repeat of 5 Prez in a week after they realize how big of a mess the Kthugs have left the gov't.
I hope they have street fighting.
I really do.
It fun to watch when Statism fails.
and it always does
Further proof that US business people are much, much smarter than Argentine politicians.
29. My Cat has more economic knowledge than Austral Elvis and CFK combined.
Every day another belly laugh. Thank You Argentina, thank you!
Arf! Arf! , Arf! Arf!
My dear and charming daughter-in-law served a group of us one night a coctail comprised of orange juice, Champagne and Chilean whisky. Despite what an intelligent persone minute logicallically think, eneryone actually enjoyed it...
That is until the next morning...
“This presentation confirms that the strategy of extortion designed by the vultures through the pari passu order has not worked, which is why they are increasing their attack in ever more illegal and erratic manners,...”.
Statism at its finest.
Arg is in the same fast lane to self destruction as Venezuela
and it is glorious.
How about them American trains???
If only Elvis's finger was replaced with a 1911 - his pronouncements would be so much more dramatic and pertinent.
DON'T FORGET TO ABUSE A TROLL TODAY.
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