Argentina: Kiss your bucks good-bye
By Fausta's Blog on July 16, 2013
The USA is considering siding with Argentina in a Supreme Court case over the 2002 default repayments brought by a group of hedge funds. Justice Department may weigh in on battle royale between hedge funds and Argentina (emphasis added): A 10-year legal and lobbying battle that pits a prominent Republican campaign donor [Paul Singer] against the government of Argentina has drawn the attention of the Obama administration, which may end up siding with Argentina. The bondholders’ lawsuit is called NML Capital v. . . .
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