I forget when their last match was, but I see them losing this afternoon:
"Judge urges Argentina to negotiate" Associated Press June 28, 2014
NEW YORK — A federal judge in New York says Argentina can avoid defaulting on debt payments next week by negotiating with US hedge funds that are owed more than $1.6 billion.
The judge spoke at the end of a hearing that had been called to address Argentina’s attempt to pay $832 million to bondholders who had swapped their bonds for others with reduced value after Argentina’s economy collapsed in 2001. The judge said it would be illegal for Argentina to make that payment to the majority of its bondholders, without also paying the US hedge funds that refused to take part in a pair of bond swaps.
Related: Wall Street Hedge Fund Fraud Upheld by US Court: Argentina to Pay “Vulture” Fund $832 Million for Bonds Bought for $49 Million
Argentina’s next installment to the majority of its creditors is due Monday. But the government has a 30-day grace period to avoid catastrophic default. A lawyer for the Bank of New York Mellon said it had received $539 million from Argentina, for distribution to the bondholders who had exchanged their bonds for lesser value ones. The judge told the bank to return the money to Argentina, saying that the payment is ‘‘illegal.’’
--more--"
It is time to say f*** the bondholders and f*** their $windling financial $y$tem.
Also see: The Mother of All Goals
Was a late flurry from France that I slept through, sorry. Heard Nigeria got screwed. Too big to jail, I guess. The Germany-Algeria match was also a real snoozer.
