Argentina defaults (again) (user search)
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  Argentina defaults (again) (search mode)
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Author Topic: Argentina defaults (again)  (Read 2907 times)
○∙◄☻¥tπ[╪AV┼cVê└
jfern
Atlas Institution
*****
Posts: 53,837


Political Matrix
E: -7.38, S: -8.36

« on: August 03, 2014, 03:59:21 AM »

Does anyone on Wall Street wonder why they are so hated?
But Cory Booker will be sad if we criticize Wall Street.
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○∙◄☻¥tπ[╪AV┼cVê└
jfern
Atlas Institution
*****
Posts: 53,837


Political Matrix
E: -7.38, S: -8.36

« Reply #1 on: August 03, 2014, 04:10:15 AM »

It sounds like even moderate hero Obama filed to try to kill the case. You know Wall Street is really really really in the wrong when even the Obama administration had enough of them.
Cory Booker is probably cheering that his pals got Argentina to default.
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○∙◄☻¥tπ[╪AV┼cVê└
jfern
Atlas Institution
*****
Posts: 53,837


Political Matrix
E: -7.38, S: -8.36

« Reply #2 on: August 03, 2014, 11:36:56 PM »
« Edited: August 03, 2014, 11:38:57 PM by ○∙◄☻¥tπ[╪AV┼cVê└ »

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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