Countdown To Default!

[estebandepraga]

j'espere que non!

 

[camberiu]

Perón had very bad things, like fascism and lack of freedom but he was wise on economy. He invested the money on atómic energy, hidroelectric energy, he developed acindar, aluar, etc.

I would hardly call starting an arms race in the South Cone for no reason whatsoever "wise on economy". But that is just me.

 

[camberiu]

How Argentina Became a Bad Debtor


Excellent article that explains how we got to where we are today. I strongly recommend reading it.

 

[Chet]

I keep seeing a lot of comments about vultures and who is right etc etc. I am left wondering how it came to be that there are so many 'laws' people seem to consider morally wrong. would Argentina be a vulture if it owned some bonds from another country that had the same clauses?
People make laws, people write clauses, people sign contracts. It takes two at least to sign a contract.

All that said I can't help but cheer for the underdog!

 

[ghost]

How Argentina Became a Bad Debtor


Excellent article that explains how we got to where we are today. I strongly recommend reading it.

The article is fair and accurate but it will not ever print in Argentina. This is a sad situation that just didn't have to play out this way. By the way.....this default isn't going to impact day to day life in Argentina. The country is well adapted to Default Living and best part is that Xtina can now [once again] blame the US for her bad management.

 

[Don Alberto]

So, Singer paid a company to créate a wiki to improve his [vulture] image into María Teresa de Calcuta but YOU assert that even he did that, the info is real...really?

And you quoted the manipulated wiki as neutral info...sorry, but you are not a reliable source of information.

By the way, just in case, to clarify it: did you write the wiki you quoted? Because comming from you we can expect whatever...

I am impressed by the level of your insanity.

"The Giving Pledge is an effort to help address society’s most pressing problems by inviting the world’s wealthiest individuals and families to commit to giving more than half of their wealth to philanthropy or charitable causes either during their lifetime or in their will."

"The pledge asks only that the individual give the majority of their wealth to philanthropic causes or charitable organizations either during their lifetime or in their will." ... " The pledge encourages signatories to find their own unique ways to give that inspire them personally and benefit society."

http://givingpledge.org/faq.aspx

Paul E. Singer (alphabetically by last name)
http://givingpledge.org/

As a basket case, you are of course back on my ignore list.

 

[Don Alberto]

If this was done the French way -> go for the kids of Singer (another weak point).

Like any Dad, Paul Singer would be ruined emotionally if his two boys had "accidents". (Better two deaths instead of a few thousands... But in France, we did a Revolution cutting heads, different from other Revolutions)

http://en.wikipedia....i/Robert_Boulin

http://en.wikipedia....s_de_Grossouvre

http://en.wikipedia....ierre_Beregovoy

If you want to play, be ready to pay... Old say...

State interests are at hand... Singer wants to play in the big leagues, let it be.

Your level of insanity is as impressive as that of Bajo_Cero2's.

As a basket case, you are of course back on my ignore list.

 

[Don Alberto]

According to CFK/Kicillof however, it is not a default, since "there only is a default if you do not pay and Argentina paid". It is like saying whenever you plunder a store, but leave a 2 peso note, you do not steal, since you paid.

If we can trust Argentina's own 2005 restructuring prospectus, Argentina has not paid.

Definition of default in the original prospectus for Argentina’s 2005 debt exchange.

PROSPECTUS SUPPLEMENT (to Prospectus Dated December 27, 2004)
The Republic of Argentina Offers to Owners of
EACH SERIES OF BONDS LISTED IN ANNEX A TO THIS PROSPECTUS SUPPLEMENT

"Notwithstanding the foregoing, Argentina's obligations to make payments of principal and interest on the New Securities shall not have been satisfied until such payments are received by registered holders of the New Securities."
http://www.sec.gov/A...04567e424b5.htm (page: p-67)

According to our prize basket cases, the original prospectus Argentina herself issued in 2005 for debt exchange must be vulture propaganda.

 

[Don Alberto]

Tell me something..who was the genius of a president who authorized the clause? ...Peron? Isabela? Cristina? Menem?..... or could it have been Nestor Kirchner?

In 2005? it was somebody else - as always in Argentina.

 

[Don Alberto]

good morning to all
here in europe its hit the news BBC TV5 DW etc its a fact DEFAULT!

http://www.bbc.com/news/business-28578179

Awful!

My poor Argentine friends will suffer beacuse of the completely imcompetent government.