Thread: Argentine Economy
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Results 211 to 225 of 1942
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10-10-14 11:52 #1732
Posts: 577Bondholders unnerved as Argentina minister amasses power
It looks as if Kicillof is CFK's anointed successor.
http://www.miamiherald.com/news/busi...onal-business/
Tres3.
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10-09-14 13:41 #1731
Posts: 577Bank Rates Topping 25% Can't Quell Peso Exodus
CFK and her cohorts just do not get it.
http://www.bloomberg.com/news/2014-1...tml?cmpid=yhoo
Tres3.
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10-04-14 12:30 #1730
Posts: 2700Debt
More on the President's Ranting.
https://news.vice.com/article/how-cr...-to-remove-her
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10-04-14 10:58 #1729
Posts: 577USA Judge orders Argentina to stop servicing exchange bonds locally
Another court order for CFK to ignore and rant about.
http://finance.yahoo.com/news/u-judg...1--sector.html
Tres3.
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10-04-14 10:53 #1728
Posts: 577Learn the Lingo Before Showing Your Ass
Originally Posted by Esten [View Original Post]
Tres3.
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10-04-14 08:14 #1727
Posts: 911Originally Posted by Esten [View Original Post]
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10-04-14 00:27 #1726
Posts: 1740Not quite
Originally Posted by Jackson [View Original Post]
Show us where in the contract does it state that existing payments be blocked to enforce pari passu. If you can't, we can only conclude that Griesa used (and abused) his discretion.
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10-03-14 15:44 #1725
Posts: 311Argentina tourism drive.
http://www.bbc.co.uk/news/entertainment-arts-29474422
Top gear is one of England's most viewed TV programs.
I'm not sure this will entice many people to take their holidays in Argentina in the near future.
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10-03-14 13:09 #1724
Posts: 2556
Venues: 398Originally Posted by Esten [View Original Post]
First, the judge ruled the only way he could, given that by Argentina's decision those bonds DO NOT have a Collective Action Clause (CAC). The judge had no alternative but to enforce the contract.
Second, the Appeals Court had no grounds to overturn such a straigthfoward ruling.
Third, the Supreme Court could not possibly agree to hear the case as there are no constitutional matters at stake here.
Finally, the ruling justified the USA Reputation as a safe haven subject to the rule of law, regardless of how much some liberals would prefer to replace that by political fiat.
Thanks,
Jax
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10-03-14 07:44 #1723
Posts: 911Originally Posted by Esten [View Original Post]
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10-03-14 04:12 #1722
Posts: 192Originally Posted by Tres3 [View Original Post]
http://dealbook.nytimes.com/2014/06/16/supreme-court-denies-appeal-by-argentina/?_php=true&_type=blogs&partner=rss&emc=rss&_r=0
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10-03-14 02:04 #1721
Posts: 577Appellate Process
Originally Posted by Esten [View Original Post]
Tres3.
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10-03-14 02:04 #1720
Posts: 746Didn't he just rule that a contract means what it says? (And that's an honest question. I don't have the legal background to understand exactly what he did.).
But I am pretty sure that although "he can't be fired" his rulings can be overturned.
Bob.
Originally Posted by Esten [View Original Post]
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10-03-14 01:03 #1719
Posts: 2808They are screwed
Originally Posted by Dccpa [View Original Post]
I wonder if this "Fabrega handed in his resignation this afternoon in a way that was impossible to decline," means he walked across the street into her office and said "WTF are you doing?" and walked out.
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10-03-14 00:33 #1718
Posts: 1740Judge Griesa should have been fired
The day he blocked legal payments to a majority group of bondholders, to help the holdout Vulture funds. He could have slapped contempt charges and penalties on Argentina without doing this and forcing a technical default. But he's pretty much accountable to nobody, and so can pretty much do what he wants.
As a federal judge he can't be fired. The only recourse would be for Congress to remove him through a lengthy process called impeachment and conviction. Which has only happened a few times in U.S. history. And there's no chance of that happening with a Republican House, since Judge Griesa is a Republican, and Paul Singer is a Republican and a major donor to Republicans.
Apparently Griesa has a history of arrogance and abuse of judicial power. As evidenced by statements from other lawyers and judges at the link below.
Federal judges cannot be fired and have no mandatory retirement age
http://the-tap.blogspot.com/2014/06/...-and-have.html