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Latest Discussions»General Discussion»Argentina fears new crisi...»Reply #32
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In reply to the discussion: Argentina fears new crisis as vultures circle after US supreme court ruling [View all]

hack89

(39,171 posts)
32. Argentina has issued their bonds in NY since 1976
Reply to sabrina 1 (Reply #22)
Thu Jun 19, 2014, 06:38 AM
Jun 2014

Last edited Thu Jun 19, 2014, 07:41 AM - Edit history (1)

It predates their economic crisis by 20 years.

If they ever want access to global financial markets then they will have to honor their debts.

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Argentina fears new crisis as vultures circle after US supreme court ruling [View all] dipsydoodle Jun 2014 OP
Repaying borrowed money? That's just crazy talk! Nuclear Unicorn Jun 2014 #1
When you are caught in a scam you are not obligated to pay the scammers. sabrina 1 Jun 2014 #18
What scam? Nuclear Unicorn Jun 2014 #20
So what was the scam? badtoworse Jun 2014 #23
Shock Doctrine. If you have not read Noami Klein's book you should. Then you will understand what sabrina 1 Jun 2014 #25
Argentina sold bonds by choice to cover debts incurred by its own policies. Nuclear Unicorn Jun 2014 #30
The bonds were bought for a song, and thus carried very high interest return. The risk for this Fred Sanders Jun 2014 #2
No, they just want the cake they are owed. nt Demo_Chris Jun 2014 #4
They are owed nothing, except maybe a thorough investigation and some long overdue prosecutions sabrina 1 Jun 2014 #19
Maybe Maduro can give them some insight how to run a economy for the PEOPLE! snooper2 Jun 2014 #35
Who knows what interest rate they were issued at. Igel Jun 2014 #8
Nice explanation. And most of the bonds are to be repaid in 2033. Fred Sanders Jun 2014 #14
and they sort of could have easily done it hfojvt Jun 2014 #33
Their choice is to repay the bonds or lose the ability to run deficits. Nuclear Unicorn Jun 2014 #11
Well, that would be a hyper exaggeration: Fred Sanders Jun 2014 #13
"Negotiate" is spin-speak for pay pennies on the dollar... Nuclear Unicorn Jun 2014 #15
Well, that is your choice. Many choose to buy the bonds because of the higher interest rate. Fred Sanders Jun 2014 #16
P. T. Barnum must feel all warm and fuzzy inside. Nuclear Unicorn Jun 2014 #17
There's a sucker born every minute - says the COLGATE4 Jun 2014 #29
k&r for exposure. n/t Laelth Jun 2014 #3
I'm sorry but WTF does SCOTUS have to do with... Moliere Jun 2014 #5
People on DU defending the vulture capitalists and want them kept fed and fat, over the millions Fred Sanders Jun 2014 #6
Did you see the thread on cutting off water in Detroit? neverforget Jun 2014 #9
I did not read it. Seemed too comical to bother with. Fred Sanders Jun 2014 #10
The Argentine bonds were issued in America under the jurisdiction of US Law hack89 Jun 2014 #7
I presume there is some form of security kept here that the Argentinian government wants back? Nuclear Unicorn Jun 2014 #12
Not that I know of nt hack89 Jun 2014 #31
Know anything about why Argentina was so unstable? I hope the vultures get nothing, maybe that will sabrina 1 Jun 2014 #22
Argentina has issued their bonds in NY since 1976 hack89 Jun 2014 #32
Maybe the Global Markets have become so corrupt it's better for nations who were sabrina 1 Jun 2014 #34
Exactly! I can't believe I'm seeing people here defending the vultures who destroyed Argentina's sabrina 1 Jun 2014 #21
I Agree, Ma'am: The Vulture Funds Should Not Get One Thin Dime The Magistrate Jun 2014 #24
Thank you! n/t sabrina 1 Jun 2014 #26
Lots and lots of huffing and puffing from Argentina, Nye Bevan Jun 2014 #27
I think their last experience with the British COLGATE4 Jun 2014 #28
Latest Discussions»General Discussion»Argentina fears new crisi...»Reply #32
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