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Argentina defaulted bonds dispute pushed into the US Republicans' presidential campaign

Wednesday, November 4th 2015 - 07:41 UTC
Full article 14 comments

One of the wealthiest and most influential Republican donors — who also happens to be in the midst of a legal battle with Argentina over defaulted-debt — is throwing his support behind the presidential campaign of US Republican Senator Marco Rubio of Florida, according to a New York Times report. Read full article

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  • Conqueror

    Well done, Mr Singer. Keep supporting the anti-argie voice. Hope you get paid soon. In the meantime, think of all the interest!

    Nov 04th, 2015 - 01:29 pm - Link - Report abuse 0
  • Marti Llazo

    Singer has done a tremendous service to humankind by reminding responsible investors everywhere that Argentina is toxic, capricious, and unworthy of anyone's trust.

    Nov 04th, 2015 - 02:52 pm - Link - Report abuse 0
  • Troy Tempest

    Ironic that Argentina pockets $70b of small investors money without negotiations and then cries “Vulture” when some of them want $1b-$9b of it back.

    Nov 04th, 2015 - 05:06 pm - Link - Report abuse 0
  • 313toBioBio

    Funny how commenters 2 and 3 say argentina like its a peraon and not a zionist criminal named timmerman and kiciloff taking revenge on the country that used to persecute them that is now in their hands.....theyre not argentina and thats not a democracy

    Nov 04th, 2015 - 05:37 pm - Link - Report abuse 0
  • Enrique Massot

    Not surprisingly, the usual admirers of the rich and the powerful are singing the praises of predatory maneuvers orchestrated in luxury NY offices against Argentina.
    Here's hope that the government elected on Nov. 22 continues in the current path in regards to vultures.

    Nov 04th, 2015 - 06:19 pm - Link - Report abuse 0
  • chronic

    Singer having more fun.

    lol.

    Reap it rotting roadkill.

    Reap it.

    Nov 04th, 2015 - 06:28 pm - Link - Report abuse 0
  • golfcronie

    @5
    Lend me U$S 100 and I will willingly give you U$S 30 back, you don't seem to grasp it do you Enrique? Your government robbed investors of U$S 70 billion you imbecile. The rest are only asking for about U$S 8 billion, small change for the UK but an enormous amount if you have already robbed your countrymen.

    Nov 04th, 2015 - 08:33 pm - Link - Report abuse 0
  • Troy Tempest

    5 Enrique,

    Reality check:

    Not surprisingly, the usual admirers of the Government rich and the powerful are singing the praises of predatory maneuvers orchestrated in luxury BA offices against ordinary Argentinians.

    Nov 04th, 2015 - 08:36 pm - Link - Report abuse 0
  • Enrique Massot

    #7 golfcronie
    From behind your keyboard, you show appalling arrogance, only matched by your visible ignorance of what happens when a nation is indebted by governments who could not care less about the consequences.
    Just in case you did not know, nobody paid a higher price, in the 2001 debacle, than the Argentine people. About 30 were killed by police, millions lost employment or business, and poverty rose to 50 per cent.
    And I will remind you that as guilty as a borrower may be, the lender bears responsibility as well.
    From your high seat, my dear insult-prodigal friend, you fail to see that the Kirchners picked up the pieces of a country in ruins, and proposed creditors a realistic way of minimizing the damages.
    They could have, as some have suggested, conduct an audit on Argentina's foreign debt to see how much of it was legitimate.
    That would have been an interesting excercise.

    Nov 04th, 2015 - 08:58 pm - Link - Report abuse 0
  • ElaineB

    @9

    ”This election season has been rife with accusations that any opposition to Kirchner’s brand of Peronism secretly wants to return to the neoliberalism of the accursed ’90s that left Argentina broken and her people poor. What people seem to be forgetting is that the crisis of 2001 didn’t appear out of thin air. And pointing the finger at “neoliberalism” and “markets” (which it appears many see as synonymous with “vultures” for some odd reason) neglects one big glaring economic error — and his name isn’t Menem. It’s pretending for a very long time that AR$1 equalled US$1. Pretending AR$10 equals US$1 is along the same lines of unsustainable and dangerous.“

    ”The most disappointing element of the political debate is that when faced with information similar to that contained in this article, supporters of Cristina Fernández de Kirchner defend in one of three ways:

    Macri is “market friendly” and will take us “back to the 90s” and crash the country
    Macri is corrupt and steals too
    Macri will erode the social gains (marriage equality, etc) that developed under this government
    Note the absence of economic reasoning defending Kirchnerism as a whole as a sustainable model.”

    Nov 04th, 2015 - 09:41 pm - Link - Report abuse 0
  • Troy Tempest

    10

    Succinct analysis, Elaine. Great post.

    The country is for all intents and purposes, crashed already.

    No matter who is President, a devaluation and a sharp dose of reality are only months away.

    Nov 04th, 2015 - 10:31 pm - Link - Report abuse 0
  • ElaineB

    No, TT, not my work. I was quoting from the article at Bubblear.com. But it does rather sum up everything we have been saying.

    The word definitely needs to get out that whoever gets in next is going to have to devalue - hence the increased currency controls - and make cuts. Even Scioli has hinted as much.

    Nov 05th, 2015 - 12:33 am - Link - Report abuse 0
  • Hepatia

    There was a good article in HP on this subject a few days ago. The headline was “Follow the Money”, which is always the thing to do when dealing with bought politicians.

    The article went on to say, “Rubio clearly meets Singer's requirement for a candidate who favors lower taxes on the rich and, even more important, a blank check for Israel's right-wing government.” Singer, in a conspiracy with others, was one of the banksters that brought us the Great Recession. The more that the connection between the political hucksters of the GOP and the financial shysters of Wall Street is publicized the less chance these candidates have in the general.

    Nov 10th, 2015 - 01:37 am - Link - Report abuse 0
  • Troy Tempest

    @13 Hep-C

    “Singer, in a conspiracy with others, was one of the banksters that brought us the Great Recession. ”

    FFS - are you kidding me??

    Nov 10th, 2015 - 04:43 am - Link - Report abuse 0

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