Paul Singer, known as The Vulture, won a $4.65 billion payment from Argentina – nearly ONE HUNDRED TIMES his “investment” of $50 million in old Argentina bonds. It was, in finance speak, the most successful “vulture attack” ever
Cómo podría Barack Obama poner fin a la crisis de deuda argentina? Argentine president cites and posts Palast report on “The Vulture”
En virtud del principio conocido como “respeto mutuo” (comity), lo unico que tendría que hacer Obama es informar al juez federal Thomas Griesa que la demanda de Singer interfiere con la
Obama Can End Argentina's Debt Crisis with a PenThe President has the Constitutional power to pluck vulture-fund billionaire Paul Singer.
The “vulture” financier now threatening to devour Argentina can be stopped dead by a simple note to the courts from Barack Obama. But the president, while
(Courtesy of A Great Listener)
AJ: This is earth shattering. Can you break it down for us and tell us what the economists have done?
GP: Well, I’ll tell you two things. One, I spoke to the former chief economist, Joe Stiglitz who was fired by the (World) Bank.
And news this week in South America is that Argentina died, or at least its economy. One in six workers were unemployed even before the beginning of this grim austral winter. Millions more have lost work as industrial production, already down 25% for the year, fell into a coma induced by interest rates which, by one measure, have jumped to over 90% on dollar-denominated borrowings.
For The Observer/Guardian UK
It would give me great pleasure to report, as did the New York Times earlier this month, that Bill Clinton has saved Africa. That big-hearted lug will lend African nations a billion dollars a year for AIDS drugs which — more joy! — the pharmaceutical companies have agreed to just give away at 75 percent off list price.