Judgement Left Intact: Vulture Funds

[Redpossum]

this.

and the treaty has nothing to do with what you claim it does?

maybe it was some other "Agreement between the Government of the United Kingdom of Great Britain and Northern Ireland and the Government of the Republic of Argentina for the Promotion and Protection of Investments
London, 11 December 1990"

Oh, please. I was looking at three different pages in two different languages, and trying to come up with a combined answer. So I didn't do as well as I might have. Sue me. Maybe you can get the Supreme Court to hear that case.

Again, agreed I had the clauses switched. But it certainly does say what I said it did, if you consider those three final words about notes. You're quoting diplomatic language while I was talking about net effects.

 

[scotttswan]

Looking into the Argentine author, Adrian Salbuchi, leads to some interesting articles.

the original article that was re-written for Russia today.
http://www.voltairen...icle173379.html

Hear Dr. David Duke and Adrian Salbuchi discuss the real racist menace that threatens the freedom and well-being of every people on Earth: Jewish Supremacism.
http://davidduke.com...sh-supremacism/

Who's david duke?

David Ernest Duke (born July 1, 1950) is an American White nationalist, writer, right-wing politician, and a former Grand Wizard of the Knights of the Ku Klux Klan,[sup][4][/sup][sup][5][/sup] and former Republican Louisiana State Representative. He was a candidate in the Democratic presidential primaries in 1988 and the Republican presidential primaries in 1992. Duke has unsuccessfully run for the Louisiana State Senate, U.S. Senate, U.S. House of Representatives, and Governor of Louisiana.

His views are characterized by racism, antisemitism, and Holocaust denial.

He also has some interesting books published on Amazon.
http://www.amazon.co...Adrian Salbuchi

and from his Second Republic Project

Francis: The ‘End of the World’ Pope
http://www.secondrep...oject.com/?p=57

:lol:

 

[Gringoboy]

For the life of me, I can't find anything Google on war reparations by Arg on the Falklands conflict....
Back to the matter in hand, how do we think KFC is going to react tonight on TV?
Many are imploring her to be circumspect and constructive, but her past record speaks for itself.
Will she use the imperialist/colonialist card?
Or will she bite her lip and get all sensible?
Or will she resign?

and why am I writing all this...?

 

[Joe]

Maybe they can take hostages at The Hard Rock Cafe.

 

[GS_Dirtboy]

Hey, can you guys keep it down? I'm watching the match.

 

[ajoknoblauch]

Yes.

One can wonder if the vulture funds would negotiate in good faith or not, but we'll never know, because one can safely assume - based on Argentina's prior conduct - that they were simply told to go screw themselves. To which the funds simply replied, "F*** me? No, f*** you".

One can safely assume that the vulture funds would rather settle than have Argentina default. With that in mind, there's certainly room to negotiate. That they do not want to negotiate is - per my limited knowledge of the case - pure propaganda on the part of the Argentine govt. If, as one can safely imagine, they were told to talk to the wall and subsequently chose to talk to the court, - what do you sue for in court? To force the other side to negotiate? No, you sue for the maximum you can win. Then - with the sides' respective positions and the strengths/weaknesses staked out - one can negotiate, out of court.

The question is a personal one - if the government would (will) rather preside over a sane negotiation, or leave with their noses high and leave the mess to their successors. They did finally make a deal with Repsol, once it was clear that that would make it easier for them to move on.

Unless I read it horribly wrong, this government would rather stand on principle (i.e., leave the mess to their successors) and then do their utmost to undermine any sort of agreement, hoping to work their way back to power.

 

[camberiu]

Uh, no. Let's back up.

The CIA bankrolls a military coup, (just like they did all over Latin America under Operation Condor). Then manipulates the dictatorship into launching a war, which it loses, in large part because the USA is providing the UK with secret backing. In the aftermath of the war, Argentina is saddled with huge reparations. This leads to massive looting of the public treasury under the guise of "privatisation", in which US and British billionaires buy up public assets for pennies on the dollar. And when a default inevitably follows, you think Argentina is to blame?

Great story, but that is not what happened. Where did you get that version of events, from someone at UBA?

 

[ajoknoblauch]

Great story, but that is not what happened. Where did you get that version of events, from someone at UBA?

Probably from someone at Pagina/12.

 

[Redpossum]

Great story, but that is not what happened. Where did you get that version of events, from someone at UBA?

Sorry, camberiu, but you're about three pages late. You'll need to do better than that, (or else bribe the referee).

 

[ARbound]

I actually watched her speak for once with my friends tonigh, and reluctantly to my protesting, the 678 commentary that followed.

All the Argentines of the group (3 of 6) think Argentina is officially screwed. I don't know, though like GS_Dirtboy, I worry the next
few days/months will be very unstable, that's compared to the "stability" of 35%+ inflation we're used to.

678 actually ran footage of ~2001, that wasn't a pleasant thing to watch. I was a kid at the time and stopped watching cartoons
at the end of 1999 and started watching CNN and remember the pictures and video vividly.

The worst case scenario is Argentina defaults. Best is the "vulture" funds reach an agreement with the government. If not Argentina
would be locked out of the US banking system which would be devastating for forum members.

You're damned if you do, you're damned if you don't...

*Yes I think Argentina acted childishly regarding the default and thinking they're above the law, but after 5-7 years people are
free of bankruptcy, and in some countries if 50.01%+ of debtors take the deal you're offering that's it, you take it or leave it.
I think Argentina should only at the most give them what the 92% took and maybe their legal fees/interest as a sign of good will.