MercoPress. South Atlantic News Agency
Griesa sanctions Argentina for not turning in information on assets
New York district judge Thomas Griesa has said he will consider all Argentine government assets in the United States, except for diplomatic and military ones, as commercial assets which hedge fund NML Capital could try to seize. Read full article
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Disclaimer & comment rulesThe noose is tightening.
Aug 13th, 2015 - 08:08 am - Link - Report abuse 0Don't you LOVE this guy?
Aug 13th, 2015 - 11:06 am - Link - Report abuse 0No matter what TMBOA, Kickitoff and Bogbrush spout, he sees through the crap and gets on with what he knows is the correct decision under American Law, the law the argies knew they had to use to flog the bonds but now wish they hadn't!
Oh the joy!
All Argentine government assets in the U.S., other than diplomatic and military holdings, will be treated as commercial property, a judge said, opening the door for hedge fund NML Capital and other creditors to seek to seize it.
Aug 13th, 2015 - 02:17 pm - Link - Report abuse 0:)
There's a lot of difference between thumbing your nose at the government of the United State of America and thumbing your nose at a bunch of dirty latam peasants. It appears that rotting roadkill might be in the process of receiving their first substantive lesson on the road to learning this up close and personal.
Aug 13th, 2015 - 03:06 pm - Link - Report abuse 0Argentina has a lot of property in the USA that is neither Military or Embassy assets.
Aug 13th, 2015 - 03:21 pm - Link - Report abuse 0I can't wait until the US Marshal service evicts them.
If there was enough lead time I'd go watch.
;)
Yep. I called last year. lol.
Aug 13th, 2015 - 03:51 pm - Link - Report abuse 0http://www.bloomberg.com/news/articles/2015-08-13/china-devaluation-is-blow-to-cash-strapped-argentina-s-reserves
Yet another Griesa ruling to be later reversed.
Aug 13th, 2015 - 04:08 pm - Link - Report abuse 0Hope he's still around to see it happen in a year or two, although I doubt he will be.
7. You think one PARTIAL reversal is a trend?
Aug 13th, 2015 - 04:17 pm - Link - Report abuse 0Bahahahaha
dufus.
rotting roadkillians have lost in the last three (3) days - wait for it - over a quarter billion $$$$$$$$ U.S. $$$$$$$$ on the BCRA reserves because they held it in chinese yuan. lol. Great going chumps. lol.
Aug 13th, 2015 - 04:18 pm - Link - Report abuse 09. But I thought the head dufus of BCRA said there wouldn't be any effect.
Aug 13th, 2015 - 04:21 pm - Link - Report abuse 0( as an aside that guy looks like he's missing a chromosome or three)
Could it be they just won't price the Yuan at mkt value?
Probably
I hear Venezuela is margining their gold reserves as they plummet.
They're still in better shape than Argentina tho..
YB called it first.
Aug 13th, 2015 - 04:32 pm - Link - Report abuse 0I'll concede it and hereby acknowledge it.
The BCRA may actually be much closer to empty than anyone can reveal.
They are obviously utilizing a very ambitious float.
If would could actually gauge the tank it would be scary for all the latams.
Fun times!
8 - One ?
Aug 13th, 2015 - 05:05 pm - Link - Report abuse 0“Argentina appealed. In 2010, the 2nd Circuit reversed, saying the judgments were inflated.”
“Griesa entered judgment again, this time for $700 million, but the 2nd Circuit reversed ......ONCE MORE ...”
http://en.mercopress.com/2015/08/11/argentina-wins-a-battle-in-its-ongoing-struggle-with-hedge-funds
Bahahahaha
Doofus.
Oh sorry I forgot about the other one from a 1/2 a decade ago!
Aug 13th, 2015 - 05:14 pm - Link - Report abuse 0Is the trend 2 reversals a decade?
I can't wait until he declares BCRA and ENARSA alter egos of the Gov't.
I will laugh and laugh
Welcome back Sistah its a been a long time, fyi inflation is 40% and the Peso is 15/1. You're catching up to Venezuela pretty darn quick.
Hear, hear Griesa's cheerleader chorus celebrating what their small minds believe is a “defeat” for Argentine.
Aug 13th, 2015 - 05:20 pm - Link - Report abuse 0It's clear they still haven't got a clue about what a country with a government determined to protect its citizens can do.
Paul Singer and his friendly judge may win only if Argentina downgrades to a genuflect government like we had in the past--a territory where electors are not going.
And meanwhile, the old scoundrel's time to get his “well deserved” compensation is getting shorter by the day.
Three generations down the road will still cry about grandpa's failure to win the prize.
Apology accepted.
Aug 13th, 2015 - 05:34 pm - Link - Report abuse 0You might have to wait to laugh, he's quite obviously not compos mentis, and may not make it to that point.
(almost 85, bandaged head, appearing unwell, getting judgements reversed, dont bet on that laugh)
Thanks for the update Sisitah, oh yeah, exactly how much has singer pocketed from the case since I last left ?
15. Griesa is still smarter and more respected than anyone in Argentina.
Aug 13th, 2015 - 05:37 pm - Link - Report abuse 0If he passes away he'll just be replaced with another judge.
Maybe one that's even stricter with the law.
Maybe one that will hold AxelK CFK and other minions personally in contempt.
Maybe...
15
Aug 13th, 2015 - 05:43 pm - Link - Report abuse 0Haha vestige think vainly hoping that Griesa will die and the case will end...
Sorry, doesn't work that way.
It's not Argentina and he's not Nisman...
troy, thats just your retarded imagination.
Aug 13th, 2015 - 05:49 pm - Link - Report abuse 0he will be replaced with someone who will make this awkward situation go away for the politicians.
Maybe with someone from the circuit who previously reversed his senile rulings.
I see singer is no spring chicken either. He also may never see a cent.
18. Wow, you have no idea how things work in the civilized world.
Aug 13th, 2015 - 05:55 pm - Link - Report abuse 0No idea
Plus name one US Politician that's mentioned Argentina's case since SCOTUS ruled?
Just one.
The US Court Cases have already been determined. Unless someone wants to negotiate they're not going away no matter who's personally involved.
@ 18 No Vestige of a brain (still, after all these years)
Aug 13th, 2015 - 06:13 pm - Link - Report abuse 0So you think that if Singer croaked it would resolve the problem of TDC not paying what they owe?
Stupid boy, it's his companies that are bring the suits and it is they who will receive the monies obtained therein. It is they who will disburse them to the persons who are named as beneficiaries in Singer's will on the instructions of the lawyers.
TDC will still have to pay!
News Flash:
Aug 13th, 2015 - 06:43 pm - Link - Report abuse 0Singer has already cashed in and out by effectively shorting all things rotting roadkill and then driving thoses markets into a death spiral - once and now is doing it a second time.
The bonds are now just for fun and profit. He's already inflicted several billion dollars $$$$US$$$ worth of pain on rotting roadkill and its citizenry. You'd best work out an accommodation before he buries you guys. lol.
18 vestige/voice/think
Aug 13th, 2015 - 06:44 pm - Link - Report abuse 0What “awkward situation”??
LOL,
do you think anybody could care less, in the USA, or the rest of the world outside of rogue states Arg. and Venzla ?
How many do you think are even aware of it?
I can think of 4 people in Canada, tops - Enrique, DerkeBlake, pgerman, and myself.
No ChrisRetard, no I dont. (and stop dragging me down to your level)
Aug 13th, 2015 - 06:54 pm - Link - Report abuse 023. Still waiting for that quote from a USA Pol that gives two cents about the corrupted rogue nation that is Argentina.
Aug 13th, 2015 - 08:23 pm - Link - Report abuse 0Please post it for us.
dufus
@ 23 Vestige
Aug 13th, 2015 - 09:22 pm - Link - Report abuse 0I give it to you that you are so funny!
You WISH you could get UP to my level!
Ha, ha, ha.
Hey, let's bet on the yuan. Come on rotting roadkillians.
Aug 13th, 2015 - 11:36 pm - Link - Report abuse 0I say it goes up this week and then further down.
Let me know when Singer actually does get a cent...are we talking another decade...?
Aug 14th, 2015 - 12:23 am - Link - Report abuse 0A YB prediction is in need here....
Give us a sign Oh' great seer...Oh' great master of stating the obvious....
27 Voice
Aug 14th, 2015 - 01:08 am - Link - Report abuse 0So far I only see Singer's lawyers have been pocketing huge sums.
The cheerleaders here keep hoping...and hoping...and nothing will happen.
Sad.
rotting roadkill still doesn't get it. The bond game has already been won by Singer. It's over. He's rolling in swaps dough. lol. Suckers.
Aug 14th, 2015 - 01:39 am - Link - Report abuse 0Enrique still doesn't get the bigger picture.
Aug 14th, 2015 - 02:35 am - Link - Report abuse 0The more Kristina and Axel etc refuse to accept their responsibilities, the more they hurt the Argentine Economy in the long term.
Can Argentina even still get loans anymore?
Argentina is paying for NML's attorney fees too. They're just getting added onto what Argentina owes along with the daily interest and penalties.
Aug 14th, 2015 - 10:27 am - Link - Report abuse 0Not sure why the Kidiots on this board don't understand that?
Hey Reeeekie:
Aug 14th, 2015 - 01:54 pm - Link - Report abuse 0$41 oil. The dead cow is really dead.
Soy futures sharply down overnight. Steepest decline since January.
Yuan takes a breather - per my prediction - future unknown.
Singer rolling in money.
rotting roadkill - not so good.
lol.
Big Yawn.........hahahaha - can't believe this sorry little pathetic discussion still going on and we haven't paid any of this vulture funds a peso. The country was supposed to default and economy collapse about a year but we are still here and guess what - nothing happened from this going nowhere story. What a waste of time and someone needs to put this old senile judge to sleep.
Aug 14th, 2015 - 05:04 pm - Link - Report abuse 0Wow all the ol' Rg Trolls are back!
Aug 14th, 2015 - 05:16 pm - Link - Report abuse 0Diego, In case you missed it since you've been gone Inflation has doubled and the peso is worth 1/2, MFG is down for the 24th straight month, Soy is unprofitable, VM is dead,
what did you say, all is going well?
Yeah sure it is
@ 15 Vestige
Aug 14th, 2015 - 06:04 pm - Link - Report abuse 0should Griesa pass away he may be replaced by a strict judge, who says “No more Mr. Nice Guy!”
What is it about Yanks and their need to predict and be recognised for it....?
Aug 14th, 2015 - 06:11 pm - Link - Report abuse 0Yes we think it's wonderful that they read articles on other sites...repeat them on here and claim them as some sort of insightful muse...
I think there is now a competition between Chronic and YB for the Top Spot....
@36
Aug 14th, 2015 - 06:34 pm - Link - Report abuse 0Right. There seems to be a new trend in here.
Have any of the vulture funds been paid yet?
Aug 14th, 2015 - 06:38 pm - Link - Report abuse 0Well done YPF and our own investments grew even quicker - hows the rig count going in USA? er its collapsed 60%!
YPF earnings before interest, taxes, depreciation and amortization, or EBITDA, climbed 13.3% on the year to 12.40 billion pesos.
Upstream investments - in conventional and non-conventional energy sources - rose 40.3%, while total hydrocarbon production rose 2.6% on the same period a year earlier.
We could always approach the three most important people in SA:
Aug 14th, 2015 - 06:41 pm - Link - Report abuse 0http://www.telegraph.co.uk/news/picturegalleries/picturesoftheday/11802417/Pictures-of-the-day-14-August-2015.html?frame=3407521
You know who looks like he is returning to his origins: a monkey, and if he gets any smaller they will be able to bury him in a shoebox”
38. Diego The Arg gov't is paying almost 1.5X the market price for oil to teh internally producing oil companies.
Aug 14th, 2015 - 07:32 pm - Link - Report abuse 0How long do you think that will last?
and what will happen when they go back to paying mkt rate of under 40?
Silly stupid Rgs
Their NPD gets in the way of simple logic.
35 - although they do it, appeals court dont *like* to reverse judgements, its taken as something of a slight, stirs tensions when you correct a colleagues professional opinion. This has real world consequence.
Aug 15th, 2015 - 02:18 am - Link - Report abuse 0Of course, if that colleague leaves the scene, then there's no-one's ego to slight, no tensions or social repercussions. No aversion to reversing earlier rulings.
And in a rare prediction, (as opposed to a box of bird-shot approach as used by a certain forum guest) Vestige has seen that Griesa shall be wheeled off set quite soon, (possibly with bandage still on head), giving rise to a couple more successful reversals, thus causing a nice long term legal cascade effect.
Vestige, - expert on the U.S. Judiciary???
Aug 15th, 2015 - 03:06 am - Link - Report abuse 0Chuckle... more like wishful thinking of an ignoramus.
41. Griesa will out live this case. Watch for capitulation soon after the new Prez takes over and the next Chinese loan is denied.
Aug 15th, 2015 - 10:16 am - Link - Report abuse 0hahaha - you going to be waiting a lot longer than the 5 years you have already been waiting for any of these ridiculous predictions to come true or for any vulture fund to get any money from Argentina - no se va a page nada a nadie - are the grey hairs starting to show and your looking more and more like Griesa?
Aug 15th, 2015 - 12:13 pm - Link - Report abuse 0Enjoy the wait suckers
Big yawn
44. That's the attitude of why nobody wants to do business with Rgs. All you have left are the companies that take bribes.
Aug 15th, 2015 - 02:29 pm - Link - Report abuse 0That's the reason you've been devolving for 3-4 generations.
It must be really sad to have no morals.
@ 44 El Diego writes: “no se va a page nada a nadie”
Aug 15th, 2015 - 04:11 pm - Link - Report abuse 0You are totally wrong.
The last issue of Argentine bonds was at an interest of 9 (nine) percent, slightly less than Greek sovereign bonds.
Thus Argentina is paying 100 percent in interest every 8 years because the country is in default.
At some point in the future the country hopefully is so lucky as to get a government which understands the cost of being chldish.
Nice try but we are simply putting such bigots as yourselves and extortionist vulture funds in their place and back in the slime pits you all crawled out of.
Aug 15th, 2015 - 04:55 pm - Link - Report abuse 0Only the very stupid calls the hedge funds vultures.
Aug 15th, 2015 - 06:07 pm - Link - Report abuse 0Vultures live off rotting corpses.
If the hedge funds are vultures, what does that make Argentina?
El Diego your arguments are nothing but emotions, perhaps because you don't understand the implications of what Don describes in #46.
Aug 15th, 2015 - 06:28 pm - Link - Report abuse 0Your government is cutting the country's throat to cure a headache.
48. uh - slow boy: rotting roadkill. lol. Shorted it to death. lol.
Aug 15th, 2015 - 07:21 pm - Link - Report abuse 0Diego, like Think and and rest of the boobs, think when they have more pesos they're richer.
Aug 15th, 2015 - 09:54 pm - Link - Report abuse 0They'll never get it because they are part of the problem.
They've turned Argentina into an Idiocracy.
let them starve
nobody cares
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