Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
This country has been in some form of default for at least the last 50 years. The government(s) continues to trample the citizens and their monies. Any hedge fund or others who assume to be enlightened towards investing in this country apparently have not studied and do not understand or have knowledge of the modern history of the country; and perhaps think they know how to work the system of investments there or just feel lucky.
Without a doubt, some of the folks who are on the losing end of these investments right now are just pissed about their skills and judgements.
Numerous articles are readily discovered regarding these circumstances.
Sore losers, in my opinion. Those hedge funds knew exactly what they were buying: crap at pennies on the dollar. They refused the general settlement that the great majority of those bondholders accepted, and thought that they could bludgeon Argentina into paying full value. Argentina's history of financial responsibility is pathetic, but the vultures got exactly what they deserved. Bullies, who when bested at their own game, cry "they didn't play fair!". Awwww....
Comments
This country has been in some form of default for at least the last 50 years.
The government(s) continues to trample the citizens and their monies.
Any hedge fund or others who assume to be enlightened towards investing in this country apparently have not studied and do not understand or have knowledge of the modern history of the country; and perhaps think they know how to work the system of investments there or just feel lucky.
Without a doubt, some of the folks who are on the losing end of these investments right now are just pissed about their skills and judgements.
Numerous articles are readily discovered regarding these circumstances.