Countdown To Default!

[Hybrid Ambassador]

Got to post in order to highlight the link, wanting to read it...

No good, bad link !

 

[Rich One]

Indeed they did: Japanhttp://translate.google.com/translate?sl=auto&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.lapoliticaonline.com%2Findex.html

In Australia bondholders are already filing suits

 

[dennisr]

No good, bad link !

You are a big boy, you figure it out.

 

[French jurist]

What I didn't know is that in fact Argentina has again a grace period (until August 4th)

http://www.lapolitic...cados-festejan/

http://www.cronista.com/economiapolitica/En-caso-de-default-los-seguros-se-dispararian-recien-el-4-de-agosto-20140730-0066.html

 

[French jurist]

The other point is that if Elliott Management Corp., as is sometimes rumored, still owns a big chunk of CDS on Argentina, then defaulting today and curing tomorrow would work out rather well for them. If Argentina settles today, CDS pays out nothing. If it settles tomorrow, CDS pays out a lot. Probably.


http://www.bloombergview.com/articles/2014-07-30/today-s-the-day-for-argentina-and-its-vultures

 

[Rich One]

The big winner of all times is Pollack they claim his fees are 100 grand per meeting , so he has earned close to half a million bucks

 

[French jurist]

The big winner of all times is Pollack they claim his fees are 100 grand per meeting , so he has earned close to half a million bucks

Average income of a French lawyer = about 3.200 euros per month :huh: (but Pollack plays in the Major Leagues)

 

[ajoknoblauch]

The big winner of all times is Pollack they claim his fees are 100 grand per meeting , so he has earned close to half a million bucks

Actually, the big winners are Argentina's New York lawyers, who have managed to string this out so long at hourly rates that must be at least US$500 (with just a modest retainer, of course).

 

[French jurist]

Around 6:30pm, Kicillof will hold a press conference


[font=Gotham Narrow SSm']Daniel Cancel @DanCancel · 1 min[/font]

Axel to hold press conference at Argentine consulate in Manhattan in 15 minutes after S&P downgraded to selective default and debt meeting.​

 

[Rich One]

Average income of a French lawyer = about 3.200 euros per month :huh: (but Pollack plays in the Major Leagues)

Daniel Pollack is no Average lawyer.... he's a superstar

http://www.mccarter.com/Daniel-A-Pollack/