‘Why would Argentina default on debt that was settled more than 10 years ago? – Not to everybody’s content, for sure, but settlement all the same. Settlement agreements were reached with 93% of all creditors.
Why would a New York Court have jurisdiction over a sovereign country? – Basically declaring it bankrupt if it doesn’t pay up – pay up 100% of outstanding debt, when all other creditors agreed to an average 20% repayment – which Argentina is honoring and is planning to continue honoring.
And why would Judge Griesa make his case in favor of NML Capital and similar Vulture funds? – Vulture is exactly what the term expresses – a merciless predator.’ Read more
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