Argentina Done Goofed: discuss.

[freeride53]

http://dealbook.nytimes.com/2014/08/21/frustrated-judge-scolds-argentina-but-does-not-hold-it-in-contempt/?_php=true&_type=blogs&_r=0

I'm all about forgiveness but happy the judge ruled the way he did.

Discuss.

[einhander]

Except if the vulture fund accepted reduced terms he'd still be making 300 percent on his investment.

He was right on when he won in DRC. This is just ridiculous.

[einhander]

Sina, you should know better than to make a thread that doesn't tie into gun ownership or racism up in this bitch.

[ParsedOut]

True story, we're all gun toting racists...dincha get the memo before posting? Oh, don't forget classist as well.

[decay]

take a look at the financial history of argentina for the past 30-40 years. "cycles of hyperinflation" has been the word of the day for quite a while down there.

does that look like something you want to invest in?

why do the bankers keep throwing good money at bad opportunities, and why do these self-professed "free-market libertarians" keep whining to the government when their bet comes up a loss?

american taxpayers bailed you out to the tune of trillions during the crash, and you're bitching about $1.5b?

shut the fuck up, take the loss, and invest smarter next time.

[einhander]

take a look at the financial history of argentina for the past 30-40 years. "cycles of hyperinflation" has been the word of the day for quite a while down there.

does that look like something you want to invest in?

why do the bankers keep throwing good money at bad opportunities, and why do these self-professed "free-market libertarians" keep whining to the government when their bet comes up a loss?

american taxpayers bailed you out to the tune of trillions during the crash, and you're bitching about $1.5b?

shut the fuck up, take the loss, and invest smarter next time.

Paul Singer isn't a banker. He's a hedge fund manager who has made a ton of money on distressed nation debt before. This wasn't necessarily a poor investment on his part, it was just ethically dubious.

[decay]

Paul Singer isn't a banker. He's a hedge fund manager who has made a ton of money on distressed nation debt before.

distinction without a difference.

This wasn't necessarily a poor investment on his part, it was just ethically dubious.

if he's whining about not getting his money back, it was pretty clearly both.

[freeride53]

Sina, you should know better than to make a thread that doesn't tie into gun ownership or racism up in this bitch.

I thought I wasn't to be acknowledged one hander?

[einhander]

distinction without a difference.



if he's whining about not getting his money back, it was pretty clearly both.

There actually a distinct difference...but let's get back to dem gunz.

[freeride53]

There actually a distinct difference...but let's get back to dem gunz.

As someone currently getting a start to a career in finance, I appreciate the difference as well.

However, I also know that effects of this aren't limited to being on the funds, rather global capital markets as well.

Putting band-aids over a wound that requires surgical stitches doesn't usually pan out. Should be a wake-up call for Argentina to get their act together and rethink their fiscal policy and actions.

[Dozyproductions]

Putting band-aids over a wound that requires surgical stitches doesn't usually pan out. Should be a wake-up call for Argentina to get their act together and rethink their fiscal policy and actions.

haha like our entire entire financial policy?

[freeride53]

haha like our entire entire financial policy?

I knew this was going to get generally out of proportions.

:woowoo:

[Dozyproductions]

I knew this was going to get generally out of proportions.

:woowoo:

Hedge funds playing out by their own definition is hardly anything to 'discuss' compared to how the situation is for population of that country. How should Argentina wake up? That's the real "discussion"

[decay]

ok, so neither of you has explained why there is a difference between a "banker" and a "hedge fund manager". just saying there is and expecting me to take you at your word (as either "a student [emphasis on "student"] currently studying this topic" or, well, "just some guy") is not good enough.

i realize it's pretty much unprecedented to back up what you say in r3v p&r with a supporting argument, but i'm going to do it anyway.

to me; the difference between the two is semantic. the reasons the subprime mortgage crisis happened and what's being discussed here as a problem are exactly the same; predatory lending. the only difference is the subprime mortgages were on a national scale, and mr. singer's lending happens on an international scale.

that's why it's a distinction without a difference. i don't give a shit about how the financial system describes the details of their particular jobs; i care about how their actions affect the global economy.

both bets were bad, and in both cases, the lender ran back to the government expecting redress.

if i buy a stock, or a bond, or a commodity, or some other kind of asset, and it doesn't perform as expected, i don't get to sue anybody about it. why do they?

[einhander]

The real problem with P&R is people defining shit with opinions.