Thread: Argentine Economy
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Results 316 to 330 of 1611
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08-22-14 11:48 #1296
Posts: 995"This is not to mention the negative effect all of this is likely to have on future US-Argentina collaborations and investments, basically driving Argentina to instead make deals with China. ".
What deals / agreements with USA? Russia, Iran, China, Venezuala are the preferred partners for this bunch of thieves.
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08-22-14 11:11 #1295
Posts: 192Originally Posted by Esten [View Original Post]
An investor bought bonds at a discount and the bond issuer has the financial ability to pay the bonds in full. Since the bond issuer has the financial ability to pay the bonds in full, the investor wants to be paid in full. What a crazy concept.
Everyone has stated that Argentina can pay Singer in full without it affecting the country's agreement with the other bond holders. Argentina has the financial ability to easily pay Singer.
If any action is taken against Citibank, it will be appealed and reversed with the next administration.
Do you really believe Argentina is going to do more business with China than it already would do? China is pushing hard to do deals in Latin America and they are having success. That success will continue regardless of these bonds or anything else the US does or doesn't do.
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08-22-14 05:57 #1294
Posts: 911Originally Posted by Esten [View Original Post]
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08-22-14 03:21 #1293
Posts: 577USA Judge calls Argentina debt swap plan 'illegal'
More on Argentina's debt debacle.
http://finance.yahoo.com/news/holdou...7--sector.html
Tres3.
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08-22-14 00:21 #1292
Posts: 1740Definitely vultures
It's not like Paul Singer's hedge fund actually helped Argentina by buying their bonds, and is just trying to get paid back. No, it bought defaulted bonds, dirt cheap. And is now insisting on full payment of the huge profits from those bonds, plus interest, regardless of any consequences.
The collateral damage may now potentially include Citibank, which could lose their Argentina banking license if it complies with the order of US Judge Griesa (whose rulings are helping Singer). Citigroup has appealed Griesa's order, saying he abused his discretion in blocking payments from Argentina.
This is not to mention the negative effect all of this is likely to have on future US-Argentina collaborations and investments, basically driving Argentina to instead make deals with China.
It appears Paul Singer will go to any length to collect his profits, and (in his view) damned be any adverse consequence for the people of Argentina, the other bondholders, the banks, and other US investors.
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08-21-14 21:27 #1291
Posts: 1017Vultures, crows, pigeons?
Originally Posted by Gandolf50 [View Original Post]
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08-21-14 21:02 #1290
Posts: 2808I hope so
Originally Posted by Dccpa [View Original Post]
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08-21-14 20:43 #1289
Posts: 911Originally Posted by Dccpa [View Original Post]
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08-21-14 20:02 #1288
Posts: 192Originally Posted by Tres3 [View Original Post]
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08-21-14 11:04 #1287
Posts: 577Argentina Is Going Rogue
It looks as if Cristina and her cohorts have given up all hope on the rest of the world and are concentrating on Argentine politics.
http://finance.yahoo.com/news/argent...175544375.html
Tres3.
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08-20-14 18:38 #1286
Posts: 577Paul Singer's Next Trick Could Make Argentina Angrier Than The Time He Took Its Boat
More on Argentina's default and the roles Cristina and her late husband played.
http://www.businessinsider.com/singe...r-funds-2014-8
Tres3.
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08-20-14 11:52 #1285
Posts: 577Argentina's Bonds Decline on Plan to Offer Local-Law Swap
I guess that the government has decided that they have nothing to lose.
http://www.bloomberg.com/news/2014-0...tml?cmpid=yhoo
Tres3.
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08-17-14 18:36 #1284
Posts: 911The funny thing here is that both Cristina and Nestor started out as "vultures". They would buy overdue mortgages for pennies, evict the people and then resell or rent the properties. They still own (according to their own disclosure they file every year) 28 of these property's. How is this so different from Elliot Singer and friends?
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08-17-14 14:48 #1283
Posts: 577Argentina's Fernandez calls holdouts greedy, bent on thwarting deal
It looks as if Cristina is attempting to get as much political mileage, and distraction, as she can while the topic is still hot.
http://finance.yahoo.com/news/argent...012827317.html
Tres3.
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08-14-14 12:16 #1282
Posts: 577Argentina calls hedge funds in debt case an "international mafia"
It looks as if Argentina has given up all hope of a settlement favorable to them (the dream world scenario), so now they have decided to shit in their mess kit.
http://finance.yahoo.com/news/argent...135559467.html
Tres3.