○∙◄☻¥tπ[╪AV┼cVê└
jfern
Atlas Institution
Posts: 53,837
Political Matrix E: -7.38, S: -8.36
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« Reply #2 on: August 03, 2014, 11:36:56 PM » |
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« Edited: August 03, 2014, 11:38:57 PM by ○∙◄☻¥tπ[╪AV┼cVê└ »
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Argentina couldn't agree to 100%, because they had settled 93% of their outstanding debt at 30% of face value, and part of the agreement is that no one else would get a better deal, at least until 2015. So that $1.5 billion that Wall Street crony Judge Thomas Griesa ordered them to pay would actually cost them about $80 billion, which they didn't have. Needless to say, Argentina would rather selectively default than pay Singer one bloody cent at this point. Argentina already defaulted 13 years ago, this is just one hack judge making them default again. Singer didn't lend Argentina anything, he's just trying to make a killing at the expense of other countries. Singer and Griesa have destroyed American-Argentina relations.
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