Don't cry for me Argentina

That means Christina will have to print more money, which will cause even more inflation.

And why should these bankers get their money back anyways? You take risks lending money to a country like Argentina. When they go bankrupt, you lose your investment. If not it's a violation of the rules of Capitalism. But I guess you only apply that when it serves your purpose.
 
Not sure I follow. The case didn't seek to overturn some rule of capitalist lending. It simply sought to enforce the laws of debt collection.
Without reading more I hypothesize that the Argentine government was trying to avoid having some of its property applied to pay down the debt by claiming that it did not own the property under question, arguing that it was held in trust by the govt for the benefit of others. The court found that the trust was illusory and allowed the debtors to apply the funds in question to pay down the debt. Nothing more sinister or contrary to routine law.
And the bondholders were not all financial institutions. Bonds were held by a mix of personal investors and institutions I believe. If you are an Argentine unhappy with the outcome of the court case I empathize, but transliterating the words of Pogo... "You have met the enemy and it is you."
How Cristina and Anibel Fernandez decide what Argentine property to liquidate or what amount of bills to print to pay off some of the original bondholders might negatively impact the Argentine way of life, but it is not the result of any evildoing by foreign bankers.
 
Honoring our debts. Our debt of honor.
 

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mini said:
It's too small to read. Is there a link to a bigger version?

I was able to open the jpeg then get my browser to enlarge it till it was readable. It's interesting reading.
 
Thanks for the link.

Clooz, do you mean with the zoom in feature? I tried to enlarge it but i couldn't. Anyway, I now have the big version via the link. I hope it was worth it! LOL. :)
 
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