Skip to comments.How Argentina Settled a Billion-Dollar Debt Dispute With Hedge Funds
Posted on 04/25/2016 3:50:57 PM PDT by Lorianne
Last week, Argentina successfully sold $16.5 billion in bonds to international investors, a record amount for any developing country. And on Friday, Elliott and the other bondholders finally received their reward in the form of billions of dollars in repayment, representing returns worth multiple times their original investments.
Today, we have put a definitive close to this chapter, Alfonso Prat-Gay, Argentinas economic minister, told an Argentine radio station on Friday.
(Excerpt) Read more at nytimes.com ...
So sad, Argentina had to pay its debts.
No they didn't. They sold more bonds and kicked the debts down the road.
Now on the bright side, they did pay off the original bondholders, but they just found a new bunch of fools.
So Sad, Argentina had to pay its debts .... but found a bigger fool to start the scam again!
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