Exchanging Currency

[Tres3]

. He is certainly on solid legal ground, but on morals it is another question.

What does morality have to do with the issue? USA Courts decide legal issues, not moral ones. There have been people of questionable morals throughout recorded history. Was the unilateral Argentina default morally correct? If it were, Argentina would not find the international credit markets closed.

Tres3.

[Esten]

Some research on Paul Singer will quickly show he is nothing but a vulture capitalist, the worst of the worst, who will use his money to (try to) walk over anyone, anywhere in his quest for profits.

His modus-operandi is to buy cheap debt, and extort the situation for profit. Creating lobbying groups, making strategic political donations, and filing lawsuits as needed.

The other 93% of Argentina bondholders agreed to a deep cut, but Singer's hedge fund is demanding full payment on Argentine bonds with a face value of $630 million, claiming they are now worth $2.3 billion with accrued interest. He stands to make a huge profit, and won't back down no matter what the fallout is for other people. He did this with Peru back in 1996 too. He is certainly on solid legal ground, but on morals it is another question.

Look up the story of how Singer, backed by Mitt Romney, bought a controlling interest in a key automotive parts supplier (Delphi) for pennies on the dollar in 2009. They then threatened to withhold key parts to GM, threatening the recovery of the US automotive industry. With the help of the US government, Delphi was bought back, and Singer and Romney made huge profits (up to 3000%). But not before Singer moved much of Delphi's operations to China, sticking US taxpayers with the bill for the pensions of the Delphi workers cut loose. This is a truly sickening story, and to think Singer almost helped his buddy Romney get elected President? Vulture capitalism should not be confused with job creation.

Romney & Co Shipped Every Single Delphi UAW Job to China
http://www.gregpalast.com/romney-co-...-job-to-china/

[Tres3]

From Reuters.

Argentina will continue paying bondholders on the same terms, its economy minister told state news agency Telam on Saturday, after losing an appeal in its legal battle with creditors who rejected past restructurings of the country's defaulted debt.

The 2nd USA Circuit Court of Appeals upheld a judge's order on Friday requiring Argentina pay $1.33 billion to hedge funds still fighting the country over its record sovereign debt default more than a decade ago.

"We're going to keep paying as we have until now, on the same terms," Economy Minister Hernan Lorenzino told Telam, calling the court ruling "an attempt to bring the country back to 2001.

The appeals court held off enacting its decision while the USA Supreme Court weighs whether to take up the case, bringing short-term relief to investors concerned about another default.

The 93 percent of bondholders who renegotiated debts after Argentina's $100 billion default, accepting less than 30 cents on the dollar, worry the refusal to pay holdouts in the face of court orders could freeze payment on restructured bonds as well.

Dissident bondholders led by Aurelius Capital Management and NML Capital Ltd, a unit of Paul Singer's Elliott Management Corp, are demanding payment in full. They have argued that Argentina can't deny them their due while paying investors who agreed to restructurings in 2005 and 2010.

Tres3.

[Tres3]

The appellate court handed Argentina its hat, and ordered the country to pay its defaulted bonds. Argentina says that they will appeal to the Supreme Court, but I will be surprised if the Supreme Court hears the case. If the Supreme Court denies certiorari, it will be game over for Argentina. It will be interesting to watch the effect on the blue dollar exchange rate.

Tres3.

[TejanoLibre]

Does anyone know if this place is still open for changing money?

Thanks.

Try This Place:

M-F till 5:45 or 6 pm.

Corner of Carlos Pellegrini and Cordoba right next door to La Madelein. (Pellegrini 787).

Tourist Trap Shop and Long Distance Travel Bus Company called Turismo Dalman has been a good enough rate lately for a bunch of us.

Update. The Store and the Sign are being renovated. Just walk in and ask for Cambio.

Call them:

5. 031.8008 and ask for "Cambio", tell them El Tejano Loco sent you and let's us know what the rate is.

Thanks,

TL.

Across the street from Excedra.

[TejanoLibre]

Does anyone know if this place is still open for changing money?

Thanks.

If it's gone there are probably 10 more that have taken it's place.

Exchanging money ANYWHERE can be risky down here. Even inside of a Bank. There are no guarantees but if you do it during the day when there are a lot of people around you then I think your chances of survival are in your favor.

The Boys that live down here full time exchange Dollars every day.

Bring a friend if you want.

There are so many businesses exchanging cash on the streets that the only thing you need to do is find the best rate.

I have been using the "Secret Asian" girl because I'm lazy but there are many more. The guy next to "La Mad" during the day is very fair and his store is on one of the busiest corners in BA. Safe!

TL.

[SimpleWrangler]

Does anyone know if this place is still open for changing money?

Thanks.

Too risky, as your operations are visible from the outside. They are too many people and they are organized. They can just text each other and everyone knows that a guy is the carry dollars guy. Best is to have a contact and meet in a bar, coffee shop, etc.

[Flexible Horn]

At least we figured out that the beer goes in the fridge.

NO lager goes in the fridge...beer comes from a barrel. We have been holding your hands since 1776 don't worry we won't stop guiding you.

[Jackson]

We thought after 4th July 1776 you as a nation could set your own trends. Obviously we were wrong. Forever in our shadow.

At least we figured out that the beer goes in the fridge.

[Flexible Horn]

We picked it up from seeing pictures of Brits on vacation in Spain.

We thought after 4th July 1776 you as a nation could set your own trends. Obviously we were wrong. Forever in our shadow.

[Daddy Rulz]

Is that not how most Americans dress.

We picked it up from seeing pictures of Brits on vacation in Spain.

[Punter 127]

is that not how most americans dress.

when you buy your clothes at the unclaimed luggage store, you get what you get.

ROFLMAO



Jackson, Why is the Text Cleanup changing everything in the quotes to lower case, even the names?

[Jackson]

Is that not how most Americans dress.

When you buy your clothes at the unclaimed luggage store, you get what you get.

[Flexible Horn]

I'm sure if you wore Bermuda shorts, a Hawaiian shirt, and Birkenstocks with socks

Is that not how most Americans dress.

[MikeT]

Does anyone know if this place is still open for changing money?

Thanks.