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 Hedge funder fumes as thieving Argentina threatens default

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Hedge funder fumes as thieving Argentina threatens default Vide
PostSubject: Hedge funder fumes as thieving Argentina threatens default   Hedge funder fumes as thieving Argentina threatens default Icon_minitimeTue Jun 10, 2014 3:25 am
A federal court judge has refused to rebuke Argentina over its apparent willingness to default. 

Hedge funder fumes as thieving Argentina threatens default 101335447-144114375.240x160

A recently leaked memo showed that the South American country is considering defaulting on all of the debt it owes to bond holders-including Paul Singer's hedge fund firm Elliott Management-should the U.S. Supreme Court refuse to hear an appeal to a previous order to pay its financial commitments.


Lawyers for Elliott called the memo a "smoking gun," according to The New York Post, and asked judge Thomas Griesa to scold Argentina. But Griesa-the same jurist who has ordered Argentina to pay up-said the memo was a privileged document between Argentina and its lawyers at Cleary Gottlieb.


A spokesman for Elliott did not immediately respond to a request for comment.

http://finance.yahoo.com/news/hedge-funder-fumes-argentina-threatens-default-144532227.html
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