Tag Archives: Argentina To Circumvent US Supreme Court Bond Ruling Via French Banks; Comments On “Vulture” Funds

Mish / Mike Shedlock – Argentina To Circumvent US Supreme Court Bond Ruling Via French Banks; Comments On “Vulture” Funds – 4 September 2014

MishMikeShedlockIt’s increasingly likely that Argentina will come up with a way to get around a US supreme court ruling on bond payouts.

Here is the background …

Argentina defaulted on bonds following a debt crisis in 2001-2002. 92% of the investors agreed to haircuts, but an alleged “vulture fund” picked up an 8% share at rock bottom prices and refused to negotiate.
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