MercoPress. South Atlantic News Agency
Aurelius hedge fund “baffled” by Argentina's decision to 'continue litigation'
Hedge fund Aurelius Capital Management, one of the major creditors in the Argentine bond litigation who has not agreed to participate in a proposed $6.5 billion settlement, called Argentina's decision to return to court in the dispute “baffling.” Read full article
Comments
Disclaimer & comment rulesThe old fart still no get... You have already lost. Long ago... lost so much:
Feb 13th, 2016 - 06:32 am - Link - Report abuse 01. Lost almost 20 years of your lives for starters. Never coming back for you.
2. Your reputation around the world has been thoroughly traduced. You are now forever “vultures” no matter where you go lol.
3. The laws around the planet have changed forever on sovereign default. In your myopic attempts to extort Argentina you and your lover Singer have SELF-SABOTAGED any similar devious subterfuge in the future. Had you settled for a bit less here the door would still be open for many more criminal acts of distressed debt. But your paucity of vision and short-term grred stultified your minds.
4. All the court costs.
5. And after all that you still have not seen a centavo!
Talk about losing a war to win a battle. Except that they may still lose the battle! Loosers.
lol.
Feb 13th, 2016 - 09:03 am - Link - Report abuse 0Poor clueless troll.
You still seem incapable of comprehending what has transpired here.
Singer has already paid himself vis a vie his speculation in the rottingroadkill equity markets as he whip sawed it to and fro.
The game has already been won by Singer and lost.by rottingroadkill.
The bond redemption is now for fun and profit.
Are you really this stupid?
And who cares what happens in a stock market? That's why it's there, it's just another form of gambling and affects no one in Argentina. If he did make money like that, then I could care less.
Feb 13th, 2016 - 10:52 am - Link - Report abuse 0But given this information comes from YOU, and avowed anti-Semargie who would like nothing better than our extermination from the planet.... I will conclude it's just nonsense as usual from you.
Poor ignorant rg troll.
Feb 13th, 2016 - 12:00 pm - Link - Report abuse 0Cretina burnt through 40 + Billion dollars trying to stabilize her peso below 10 when she could have paid the bondholder 6 Billion dollars and been through with it.
She only cost every rotten, stinky rg $100 US a piece to end up losing - twice.
Stupid rgs.
Argentina won. Next time we will default on 500 billion and thanks to the changed laws thanks to Argentina's courage this time around, we will just take the money and run.
Feb 13th, 2016 - 12:19 pm - Link - Report abuse 0Anti-Semargies cannot do anything about it.
Try collecting the winner's free choripan and quilmes.
Feb 13th, 2016 - 12:32 pm - Link - Report abuse 0Rottingroadkill is having trouble borrowing even 500 million on their own terms.
Troll, keep proving the depth of your ignorance.
@1
Feb 13th, 2016 - 12:36 pm - Link - Report abuse 0“ Lost almost 20 years of your lives for starters. Never coming back for you.”
- Time spent in reminding the world of the fraudulent, cheating, criminal nature of Argentistan is time well spent. We should think of their efforts as a much-needed and much-appreciated public service.
“ Your reputation around the world has been thoroughly traduced. You are now forever “vultures” no matter where you go lol.”
If there a a reputation that is sullied, it is none other than that of Argentistan, whose reputation was previously believed capable of sinking no lower. It is these funds that have kept this matter in the public eye, that Argentistan is a serial defaulter and light-years from being ever considered honest, credible, or trustworthy. We do not shoot the messenger. Having won the court judgments against Argentistan all the way to the US Supreme Court, the funds should be rightly proud of their considerable efforts on the side of justice.
“ The laws around the planet have changed forever on sovereign default.”
More importantly, the risk factors added to debt which will forever cost Argentistan un ojo de la cara to buy any new debt.
Because of the investment of time and money by the funds, Argentistan will be forever known throughout the world as the fetid greaseball of international finance. We should and do applaud and appreciate the tenacious efforts of the holdouts. Now, if someone would only have comparable tenacity to bring to justice those who murdered Nisman and were responsible for the AMIA bombing , and to prosecute the Kirchnerists for their massive corruption and theft.
Singer has painted himself into a corner. Lets see what Griesa decides next week. Should he rule that coupon payments on restructured debt can resume, it doesn't look good for (whistling Dixei) Singer.
Feb 13th, 2016 - 01:50 pm - Link - Report abuse 0@3 Kepi Troll: “.... stock market? ..... affects no one in Argentina. ”
Feb 13th, 2016 - 02:10 pm - Link - Report abuse 0Kepi Troll comments are wonderful evidence of his lack of understanding of Argentistan in the world. Let's take a look at the hundreds of millions in argento stocks (that Kepi Troll has never even heard of) being traded in the US stock market, for argento corporations that include Alto Palermo, Banco Macro, Cresud, Edenor, IRSA, Nortel, Pampa Energía, Petrobras Argentina, Telecom Argentina, Transportadors de Gas del Sur, YPF, and on and on. Of course, this “affects no one in Argentina.” Maybe these argento corporations are really owned by Bolivians.
@ 8 Argentistan still has not acted on the issues that placed it in contempt of court, - and it is still in contempt - so it's unlikely that the judge will grant Argentistan such a request - though not impossible. For every day that Argentistan fails to pay, the debt interest due keeps adding up.
@1. Slight problem. Lying argieland can't move without MR Singer's say-so.
Feb 13th, 2016 - 02:31 pm - Link - Report abuse 01. This is what MR Singer does. So there's no waste.
2. “Vultures” are nice. They clean up carrion.
3. Nothing changed for criminal argieland.
4. Court costs are paid by the loser, loser.
5. So? No access to financial markets until argieland pays.
@9
Feb 13th, 2016 - 02:42 pm - Link - Report abuse 0Absolutely no one cares about the stock market in Argentina. NO ONE. Sorry that reality seems to burn you.
Argentina will be “moving” looong after Mr. Singer has not moved for a long time... in fact it can move now. Nothing Singer has done has affected Argentina.
It is a typical LIE of crony capitalists like Llazo, in his case also a Nazi Anti-Semiargie, that Argentina somehow needs to tap the debt markets. Why? Has not done so in 18 years... They want the destruction of Argentina that's why, as good Anti-Semiargies they all are.
Let's see how long the UK, USA, EU, and Llazo's beloved motherland Chile would last if they could not borrow debt. Their societies would collapse within 96 hours. Argentina has lasted effectively 17 since it really could not borrow anymore circa 2000 and after that got into the death spiral of IMF-ing which all here would love for Argentina to repeat.
Gresia has stated he is going to retire and wants to put this long winding case behind him.
Feb 13th, 2016 - 03:33 pm - Link - Report abuse 0He is very pleased with how Macri has handled it and getting more and more dishearten with the snake Singer.
Have you seen a recent pic Of Gresia? He is ready to croak any day and sure wants to enjoy the last bit of his life, so don't expect sympathy for Singer.
CapiTrollism_is_back!!
Feb 13th, 2016 - 03:35 pm - Link - Report abuse 0Tobi, are you still claiming to be in Mendoza? And there now?
Kepi Troll, just because you are unaware of the significance of the stock exchanges to the argento economy, does not imply that the cognoscenti are unaware. There is another world out there beyond your little mud hut.
Feb 13th, 2016 - 04:31 pm - Link - Report abuse 0It also sounds as though someone should explain to you how much debt Argentistan has taken on since 2001, and the rates it is paying for it.
Rgs have such a hard time understanding the basic rule of law. Griesa is a very honorable and respected man. I am sure he wanted to retire long ago yet he's continued with this horrible mess so someone else doesn't have to deal with it.
Feb 13th, 2016 - 05:23 pm - Link - Report abuse 0The Rgs are very stupid to drag this out. I've long said Singer deserves to be paid the full value of the note, interest, penalties and legal fees. He'll get them. The law is on his side.
lol.
Feb 13th, 2016 - 05:39 pm - Link - Report abuse 0Stupid rgs.
The rulings survive Griesa.
Dumbasses.
@11 “Argentina somehow needs to tap the debt markets. Why?”
Feb 13th, 2016 - 06:20 pm - Link - Report abuse 0Here KepiTroll is acting as the throwback to 1950s peronism and the notion of “vivir con lo nuestro” -- an attempt to be self sufficient, without foreign debt or ownership, etc. It was loosely modeled after, and studied from, Stalin's isolation of the Soviet Union and being cut off from Western technology and imports. The results were predictable. “Industria Argentina” produced rude and unreliable crap and forced the population to use it. But Industria Argentina couldn't make a decent widget even as well as the Russians did.
Most Industria Argentina output belongs in the Museo del Fracaso. That is why argentos today drive Toyotas and Peugeots, pay with their Visa cards, call on Samsungs and iPhones, buy pumps and shovels and trains from China, purchase medications from the UK, and wear clothing designed in Italy and manufactured in Thailand, all the while dreaming of the “vivir con lo nuestro.”
Industria Argentina could not keep up with technology, engineering competence, manufacturing efficiency, quality control, or market demand. So what happened? Foreign manufacturers came back to Argentistan, with its legions of snot-nosed but semi-skilled labour, and let them assemble products that were competitively and competently designed elsewhere, using management from Japan and the UK and France and elsewhere. Perón spun in his grave.
Along with this came greater argento participation in modern financial institutions.
But this country is still full of people like KepiTroll who would rather that Argentistan be more like the Soviet Union of the 1930s, isolated from civilisation and progress.
I hear this “vivir con lo nuestro” all the time here, usually after a conversation revolving around some loan default or other massive cockup committed by argentos in their dealing with the adult universe beyond the moat that this sort of antediluvian peronist wishes to build.
Vultures can't leave a chunk of flesh in the carrion. They want everything. It's their nature.
Feb 13th, 2016 - 09:15 pm - Link - Report abuse 0@18
Feb 13th, 2016 - 10:41 pm - Link - Report abuse 0Mastercard can't leave a chunk of flesh in the statement. They want everything. It's their nature.
Nostrils
Feb 14th, 2016 - 01:15 am - Link - Report abuse 0Look up pyrrhic victory.
Instead of borrowing as much - because you still have in the past decade - you have financed deficits by printing money. A tax by stealth.
When you start borrowing from the international market in a big way.... and you will.... you will pay more interest than these other countries you use as examples. What a victory! Extra taxes from you will flow to people like me.
As for any future default, nothin much has changed. Bonds will still be issued under some national law and contain clauses that as approved by both the borrower and the lender. There's a reason lenders prefer to lend under jurisdictions outside Argentina.
I give you 1/10 for you understanding of this. Hardly surprising considering your education and the propaganda pumped out by your previous government.
Skippy where have you been hiding?
Feb 14th, 2016 - 02:06 am - Link - Report abuse 0Surprised that you'd show your lowly aussie face.
With your limited intellect, surprise surely is your most common emotion Chronic.
Feb 14th, 2016 - 04:04 am - Link - Report abuse 0Skippy the bannana (commodity) republics are headed down the tubes - aussie with the rottingroadkillians.
Feb 14th, 2016 - 08:48 am - Link - Report abuse 0Found an original thought yet Chronic?
Feb 14th, 2016 - 09:52 am - Link - Report abuse 0Or just aping?
Wanna compare who has lived through the most recessions?
Oh well, you win!
aussies are obviously politically the equivalent of the reformatted rg.
Feb 14th, 2016 - 10:46 am - Link - Report abuse 0Erm.... Ok?!?!?
Feb 14th, 2016 - 12:04 pm - Link - Report abuse 0Not quite getting the hang of an original thought.
Falklanders:
Feb 14th, 2016 - 12:18 pm - Link - Report abuse 0Previously the canucks/ussies were just unreliable - now they're treacherous as to your interests.
Beware.
Yeeeeaaaah naaah
Feb 14th, 2016 - 12:32 pm - Link - Report abuse 0Still not getting it.
But keep trying at the meme generation. Some simpleton will bite eventually.
@ 1 Tobias: “Lost almost 20 years of your lives for starters. Never coming back for you.”
Feb 14th, 2016 - 01:16 pm - Link - Report abuse 0Do you actually imagine that Singer spent his own time on this?
Tell us, Tobias, exactly which street in Mendoza is this: sr1.wine-searcher.net/images/news/48/78/argentina-mendoza-demonstration-10004878.jpg ??? anybody living in Mendoza recognizes the wall on the right.
Read thsi article on Reuters
Feb 16th, 2016 - 11:55 am - Link - Report abuse 0”Argentina gets upper hand in debt battle
http://finance.yahoo.com/news/argentina-gets-upper-hand-debt-164923718.html;_ylt=AwrC0F9WDMNWp3wAAAfQtDMD;_ylu=X3oDMTByOHZyb21tBGNvbG8DYmYxBHBvcwMxBHZ0aWQDBHNlYwNzcg--
@30 Another Rooters collection of speculation by the usual segment who have been wrong much of the time on the subject. Lots of things could happen and in the meantime, Argentina is still in contempt of court and until the judge sees some progress on the measures Argentina still has in place that got them there, it would be curious to give them any serious slack. But stranger things could and have happened. Argentine bonds are still correctly rated as either junk or junk in default.
Feb 16th, 2016 - 12:36 pm - Link - Report abuse 0Interesting article in NY Times today
Feb 17th, 2016 - 10:06 am - Link - Report abuse 0http://www.nytimes.com/2016/02/17/business/dealbook/a-spate-of-lawsuits-over-argentinas-debt.html?src=busln&_r=0
@32 Another article heavily dealing with opinions on morality rather than the legal matters. The US financial press is full of mercenary hacks supporting the end of the current default so that they can collect new commissions on new bonds sold on new Argentine debt that will go into new default.
Feb 17th, 2016 - 02:27 pm - Link - Report abuse 0We would do well to remember that in recent litigation Argentina appealed to the US courts saying that it would abide by their determinations, and then announced that the only outcomes they would agree to were those favourable to Argentina.
If you were to define Argentina in a simple illustration, that would do it very succinctly.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!