There is a crackerjack piece at the The Golem IV Website article Vulturecrats this morning.
It’s about the aptly named Vulture Funds, how they deliberately buy defaulted nation bonds…and then sue the nation involved to get their money.
But chiefly, the Golem piece is an excellent example of informed speculation without recourse to conspiracy theory. It might also explain why 95% of Argentine debt is held outside the country…at the BICS. Continue reading