At a quarter million page views I think I can say this blog has proven some sort of staying power. Ya, I know, considering the wisdom found on this page, you'd think it would be a quarter million page-views per day, not over five years.
I don't get it either.
I'm averse to calling down regular folks on whatever wrong-headed opinions they may express on the world wide web. I'm even reluctant to call out working journalists on the bullshit they too often spew, simply because at the end of the day they are folks who work for their pay.
But I'm not averse to calling shitbags "shitbags."
Paul Singer is a shitbag.
Paul Singer is a billionaire hedgie who gets richer by fucking over the poorest of the poor all around the world. He's also a big deal in American politics, because he's a big donor to political candidates.
Singer recently won his case against Argentina. That's mostly because a new right-wing government came to power in that country.
Here at Falling Downs we've been banging away against the Singer case for years.
We lost.
The people of Argentina lost way more.
Paul Singer won big.
The architect of Singer's win was a judge appointed by Richard Nixon.
No wonder Singer funds the GOP.
Showing posts with label Argentina debt crisis. Show all posts
Showing posts with label Argentina debt crisis. Show all posts
Saturday, March 19, 2016
Saturday, July 19, 2014
Oh lookee!.. as US courts back US hedge fund weasels, China steps in with an offer Argentina can't refuse
The mere thought that American courts can dictate the finances of sovereign nations is a throwback to the colonial era.
The Singer v Argentina case is almost two hundred years removed from France extorting 90 million francs from Haiti after the slaves declared their independence.
Paul Singer doesn't realize that times have changed.
Slaves are still slaves in his world. Singer has left no stone unturned and no palm ungreased in his quest to turn his Argentina bonds, bought for pennies on the dollar after the default of 2001, into full face value plus interest!
That would turn his hedge fund's $48 million investment into a billion plus!
That's how the richest get even richer these days. No contribution to the greater good, no jobs created, no communities supported... pretty much just straight-ahead theft from the people of Argentina.
And so far the US court system has backed him every step of the way.
It may be unjust and immoral, but Singer will be celebrated in the financial press as a great capitalist hero if he can pull this off.
But here come those commie-capitalists to spoil the party. China just inked a deal for 7.5 billions that by-passes the Singer controversy and even the prospect of another Argentine default.
Hedgie Singer might want to hedge his bets by going long on the Yuan.
The Singer v Argentina case is almost two hundred years removed from France extorting 90 million francs from Haiti after the slaves declared their independence.
Paul Singer doesn't realize that times have changed.
Slaves are still slaves in his world. Singer has left no stone unturned and no palm ungreased in his quest to turn his Argentina bonds, bought for pennies on the dollar after the default of 2001, into full face value plus interest!
That would turn his hedge fund's $48 million investment into a billion plus!
That's how the richest get even richer these days. No contribution to the greater good, no jobs created, no communities supported... pretty much just straight-ahead theft from the people of Argentina.
And so far the US court system has backed him every step of the way.
It may be unjust and immoral, but Singer will be celebrated in the financial press as a great capitalist hero if he can pull this off.
But here come those commie-capitalists to spoil the party. China just inked a deal for 7.5 billions that by-passes the Singer controversy and even the prospect of another Argentine default.
Hedgie Singer might want to hedge his bets by going long on the Yuan.
Subscribe to:
Posts (Atom)