poverty is the mission of the corporate media, not known for loving socialism I think.

in VZ millions are sliding back into poverty in the face of sky high inflation and a government that cannot supply basic goods like food and medicine.

to get out of default. The equity clause on the debt agreement will expire in a few months so we'll see what happens then.

on an honest basis and the vultures should be in jail not getting paid.

All of the banksters in the world who are crooks should lose at the game they are playing. Yes, I know there were laws. There are laws here also. Laws to make vulture capital legal. These are the very people we keep wondering why they are not in jail yet.

did Argentina send inexperienced and naive bankers to negotiate the loans?

"The Shock Doctrine".

can you be specific?

to borrow money that they then took for themselves. Read the book I do not have time to type in the whole thing.

Last edited Mon Oct 6, 2014, 01:53 PM - Edit history (1)

the terms were drafted by the Argentinian government - they left a massive loophole that the holdout bond holders took advantage of.

You understand how bonds work? The government issues bonds, backed by themselves or perhaps underwritten by a bank, in order to raise revenue. THe bonds are paid back with interest. Its Argentina who had to enter into restructuring so they wouldn't have to pay the bonds' value plus interest. Its not the bond holders who were trying to purposely lose money.