Cops welcomed with smoke bombs and flares Dublin Pride 19:57 Jul 14 0 comments Gemma O'Doherty: The speech you never heard. I wonder why? 05:28 Jan 15 0 comments A Decade of Evidence Demonstrates The Dramatic Failure Of Globalisation 15:39 Aug 23 1 comments Thatcher's " blind eye" to paedophilia 15:27 Mar 12 0 comments Total Revolution. A new philosophy for the 21st century. 15:55 Nov 17 0 comments more >>Blog Feeds
Public InquiryInterested in maladministration. Estd. 2005RTEs Sarah McInerney ? Fianna Fail supporter? Anthony Joe Duffy is dishonest and untrustworthy Anthony Robert Watt complaint: Time for decision by SIPO Anthony RTE in breach of its own editorial principles Anthony Waiting for SIPO Anthony
Human Rights in IrelandPromoting Human Rights in Ireland
Lockdown Skeptics
Scientists Find No Change in Global Warming Rate Since 1970 Despite ?Hottest Year Ever? in 2023 Fri Oct 18, 2024 13:24 | Chris Morrison
Ukraine ?Will Seek Nuclear Weapons? if it Cannot Join NATO, Zelensky Says Fri Oct 18, 2024 11:00 | Will Jones
The Energy Crisis Commission is Just Another Green Blob Front Fri Oct 18, 2024 09:00 | Ben Pile
Thirty-One Months for a Tweet? And Labour Says Two-Tier Justice is a ?Conspiracy Theory?! Fri Oct 18, 2024 07:00 | Laurie Wastell
News Round-Up Fri Oct 18, 2024 01:25 | Will Jones
Voltaire NetworkVoltaire, international editionIsrael attacks the United Nations , by Thierry Meyssan Tue Oct 15, 2024 06:58 | en Israel Ready to Drop Nuclear Bombs on Iran's Peaceful Nuclear Facilities, Scott ... Tue Oct 15, 2024 06:56 | en Voltaire, International Newsletter N°103 Fri Oct 11, 2024 12:15 | en The Anglo-Saxons carry on bombing Yemen, although West Point considers it ineffe... Fri Oct 11, 2024 12:07 | en Voltaire, International Newsletter N°102 Tue Oct 08, 2024 07:00 | en |
Argentina Requests Supreme Court Reverse Federal Court Rulings that favor Predatory Hedge Funds
international |
miscellaneous |
news report
Wednesday February 19, 2014 17:02 by Arielle Retrosi
Argentina officially requested that the US Supreme Court hear an appeal in a debt case that will impact people living in extreme poverty around the world. The case dates back to Argentina's 2001 default, after which 92% of all Argentine bond holders restructured their defaulted debt. Predatory hedge fund, NML Capital leads a small group of holdouts who won judgments for payment in lower US Courts. NML Capital never invested in Argentina and bought the debt cheaply after Argentina's default. Because sovereign lending is contracted in the United States, the precedent the case sets impacts some of the poorest economies around the globe and allows these hedge funds to target assets that benefit poor people. The International Monetary Fund, the Paris Club, legitimate investors, the US and most governments oppose this predatory behavior because it cancels the benefits of debt relief, makes sovereign debt restructuring more difficult and limits credit to poor countries "This particular legal case will have some of the most significant impacts on global poverty in our lifetimes," shared Eric LeCompte, Executive Director of Jubilee USA Network, a religious antipoverty organization. "It's encouraging that there is a global chorus that decries this harmful predatory behavior." |
View Comments Titles Only
save preference
Comments (2 of 2)
Jump To Comment: 1 2I believe it is time for the little man stop playing by the rules of others, political representation is a myth, play by your rules, put your life and your family's life first and where ever possible be self sufficient, stop reading, listening and watching the Capitalist owned media.
Argentina should only accept the American Supreme Court decision if it goes Argentina's way .
You're right jabawok but the US have a lot of weapons including over 5,000 nukes, and are batshit insane
People are scared of them.
That's why they play it their way.
Who says nukes are never used. The threat of them hangs over everything the US says and does. Surely that's considered use of nuclear weapons? You don't need to actually fire them for them to be useful.