"Default cannot be allowed to lapse into a permanent condition or the Republic of Argentina and the bondholders, both exchange and holdouts, will suffer increasingly grievous harm, and the ordinary Argentine citizen will be the real and ultimate victim."
That's a pretty low bar for Argentina. We cannot allow default to become normal!
Posted by Samprimary (Member # 8561) on :
Argentina, to be perfectly honest, had this coming. Argentine citizens are already victims. The default would merely be the latest surface condition to bubble up from the rot within.
Posted by Geraine (Member # 9913) on :
Socialism at its best.
Posted by Samprimary (Member # 8561) on :
that's about as witty as if I take the Sudan crisis and call it "The Free Market at its best" but ok
Posted by Samprimary (Member # 8561) on :
I mean considering that argentina, venezuela, et al were doing oh so well under neoliberalism before, but I don't think TheBlaze Dot Com level reporting is gonna be too hep on actually delving into the nitty gritty of that, sooo
Posted by fifaone1 (Member # 13201) on :
(Post snipped by janitorblade. Spam combined with astute social commentary?)
of Argentina and the bondholders, both exchange and holdouts, will suffer increasingly grievous harm, and the ordinary Argentine citizen will be the real and ultimate victim.
[ August 20, 2014, 10:10 AM: Message edited by: JanitorBlade ]
Posted by Orincoro (Member # 8854) on :
quote:Originally posted by Samprimary: that's about as witty as if I take the Sudan crisis and call it "The Free Market at its best" but ok
Less.
Posted by fifawei (Member # 13210) on :
safj klsafowet uiowe
Posted by Jake (Member # 206) on :
You don't say!
Posted by Samprimary (Member # 8561) on :
quote:Originally posted by fifawei: safj klsafowet uiowe