Article

2013-03-31 Caribbean-Latin America

Argentina Presents Conditions for Debt Repayment

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred 2013-03-31 00:00|| || Front Page|| [11130 views ] Top

#1 So they are going to pay off the old bonds by issuing new bonds? I'm sure this is somehow different than kiting checks.

Posted by SteveS 2013-03-31 00:38|| 2013-03-31 00:38|| Front Page Top

#2 I'm having a hard time ginnin' up any sympathy for the hedge funds.

If they were stupid enough to lend money to Argentina (ferchrissakes!) in the first place....

Posted by Barbara 2013-03-31 01:41|| 2013-03-31 01:41|| Front Page Top

#3 so they'd get a Cyprus-like haircut that would take 30 yrs to pay off based on a currency that has 25% inflation annually?.

I think not, Madam Kirchner. Your attention to the Falklands is simply a distraction for your economic ineptitude and corruption. Argentina is a blessed nation with an educated populace, natural resources, and good weather. They keep f*cking it up by electing charismatic hacks

Posted by Frank G 2013-03-31 09:01|| 2013-03-31 09:01|| Front Page Top

#4 "They keep f*cking it up by electing charismatic hacks"

Remind you of a country in North America? >:-(

Posted by Barbara 2013-03-31 10:54|| 2013-03-31 10:54|| Front Page Top

#5 No llores por mi New York hedge fundanistas!

Posted by Besoeker 2013-03-31 11:30|| 2013-03-31 11:30|| Front Page Top

#6 Just do like the Fed-Treasury. Print a lot of worthless money to pay the bonds off. OF course this will have 'dire consequences to the markets', so they'll get the Fed-Treasury here to do it for you to keep their buddies in the market and Wall Street happy.

Posted by Procopius2k 2013-03-31 11:41|| 2013-03-31 11:41|| Front Page Top

#7 Barb, the hedge funds would have bought the bonds at fire sale prices, mostly from banks, as no bank wants an asset it can't count as reserves.

The banks are the idiots.

Posted by phil_b 2013-03-31 20:47|| 2013-03-31 20:47|| Front Page Top

23:53 Zhang Fei
23:22 JosephMendiola
23:12 JosephMendiola
22:38 JosephMendiola
22:02 JosephMendiola
21:51 trailing wife
20:49 JosephMendiola
20:47 phil_b
20:46 darrylq
20:35 trailing wife
20:34 JosephMendiola
20:32 JosephMendiola
20:19 trailing wife
20:13 trailing wife
20:09 JosephMendiola
20:08 Alaska Paul
19:40 JosephMendiola
19:38 Barbara
19:38 Ptah
19:22 Alaska Paul
19:16 Skidmark
19:04 Procopius2k
19:04 Barbara
18:59 phil_b