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KoKo

(84,711 posts)
153. Corruption...at the highest level...Politicians...and who they work for.
Thu Jul 31, 2014, 08:19 PM
Jul 2014

effecting average Americans ,Global Average Folks in their Pension Funds , Retirement Savings and Life Quality when things go bust.

Does this not affect YOU?

excellent article, marmar, thanks for posting. nt navarth Jul 2014 #1
Debt peonage rules. Octafish Jul 2014 #2
Let me see if I've got this right - COLGATE4 Jul 2014 #3
They are being called vultures because they ARE vultures. Try reading a little about sabrina 1 Jul 2014 #5
Singer was Center Stage in Palast's "Vultures Picnic". Fuddnik Jul 2014 #6
Yes...it's a good read. Downloadable at the usual sites.... KoKo Jul 2014 #149
There are no 'conclusions to jump to', aside COLGATE4 Jul 2014 #7
So that kind of blows the theory of risk all to hell. zeemike Jul 2014 #9
No, it doesn't. There is always risk - but in this case COLGATE4 Jul 2014 #22
So only risks that are envisioned count then. zeemike Jul 2014 #32
If buying a country's International bonds were a gamble, COLGATE4 Aug 2014 #227
You mean like credit default swaps? zeemike Aug 2014 #230
That poster made a good point though treestar Aug 2014 #220
Clearly you know nothing about what happened in Argentina, which I suspected from your comments. sabrina 1 Jul 2014 #14
I support the law and legal institutions. If the 'corrupt Argentine COLGATE4 Jul 2014 #18
What law? Blind support for bad law would mean we here in the US would still sabrina 1 Jul 2014 #24
Oh, I don't know - maybe existing laws on International COLGATE4 Jul 2014 #27
Corruption is a crime under the law also. But if you want to pick and choose your laws in favor sabrina 1 Jul 2014 #33
Sounds wonderful but it wonderfully COLGATE4 Jul 2014 #38
See our bailouts for the corrupt banks, watch 'The Men Who Collapsed the World' among other sabrina 1 Jul 2014 #43
You keep repeating this as if it made any difference. COLGATE4 Jul 2014 #57
Whoops http://www.lusakatimes.com/2010/04/09/britian-deals-legal-blow-vulture-funds/ nt griloco Jul 2014 #145
Whoops http://www.jubileeaustralia.org/page/work/stop-debt-vultures nt griloco Jul 2014 #147
Whoops http://www.funds-europe.com/news/11474-isle-of-man-outlaws-vulture-funds nt griloco Jul 2014 #148
Whoops Jersey, too? griloco Jul 2014 #150
Whoops more? griloco Jul 2014 #151
Whoops Brazil, too? griloco Jul 2014 #154
And your point is? COLGATE4 Jul 2014 #156
i dunno, somebody once posted that nobody cared. griloco Jul 2014 #157
Not following you... COLGATE4 Jul 2014 #159
I'm surprised. I thought ve both vept for vultures. maybe if u sleep on it & come back fresh anon nt griloco Jul 2014 #160
No. I fully support Singer. No need to COLGATE4 Jul 2014 #161
who doesnt? except griloco Aug 2014 #166
I think your Lithium is wearing off. nt COLGATE4 Aug 2014 #172
Not according to Reply #109 griloco Aug 2014 #173
in case you mist it http://www.lusakatimes.com/2010/04/09/britian-deals-legal-blow-vulture-funds/ griloco Jul 2014 #146
So I am betting you admire Mittens the Romney. He robs, rapes and pillages, and it's all rhett o rick Jul 2014 #111
You lose. COLGATE4 Jul 2014 #117
I think the general tenor of comments about your POV dixiegrrrrl Aug 2014 #240
Singer and his vulture partners merely purchased Argentina's existing debt brentspeak Jul 2014 #48
Irrelevant. nt COLGATE4 Jul 2014 #51
Perfectly relevant, since you dishonestly brentspeak Jul 2014 #55
I never implied such a thing. They hold the bonds now - it's COLGATE4 Jul 2014 #58
"I never implied such a thing" brentspeak Jul 2014 #62
The rights of the original bondholders pass to the newer COLGATE4 Jul 2014 #64
The only argument I have made brentspeak Jul 2014 #67
Since he holds the right to receive payments Dreamer Tatum Jul 2014 #71
No, he is the creditor brentspeak Jul 2014 #75
What difference does it make except to you? Dreamer Tatum Jul 2014 #77
You're the genius who claims I didn't understand the bond market brentspeak Jul 2014 #79
THAT'S your favorite post of mine? REALLY? Dreamer Tatum Jul 2014 #81
You're thinking is vulture like. GeorgeGist Jul 2014 #114
What I have stated here COLGATE4 Jul 2014 #119
So what? Why should we care that you would advise a client who pays merrily Aug 2014 #187
Lawyers have a saying: COLGATE4 Aug 2014 #216
I am familiar with that saying. (Big deal.) This is a message board, not a court, though. merrily Aug 2014 #219
Not a big distinction really treestar Aug 2014 #221
You more than implied it. You posted that the people who lent the money were asking for it merrily Aug 2014 #180
Nope. Not irrelevant at all. They knew the risk and priced their purchase accordingly. merrily Aug 2014 #179
Part of the nature of loans and borrowing is also that if you don't pay back the money you borrow, Common Sense Party Aug 2014 #188
But, that has not been a prominent issue in the debate on this thread so far. Whether fairness and merrily Aug 2014 #190
Wow. Thanks for the condescending dismissal of my point. Common Sense Party Aug 2014 #191
I tend to assume that a reply to a post of mine has something to do with my post. merrily Aug 2014 #192
so much for the lista griloco Aug 2014 #241
By your own cleaar description, the people who loaned Argentina money are no longer merrily Aug 2014 #178
Read Naomi Klein's "The Shock Doctrine" which is a lesson in disaster capital and tells you exactly jwirr Jul 2014 #26
Yes, that should be required reading for anyone who cares about the current system of predatory sabrina 1 Jul 2014 #34
Where were you when Argentina took on the debt in the first place? Dreamer Tatum Jul 2014 #72
Where were you when Wall St. banks were asking for taxpayer bailouts? brentspeak Jul 2014 #84
I stand by both of those. Dreamer Tatum Jul 2014 #86
You do? This actual economist doesn't: brentspeak Jul 2014 #89
Do you have an actual point that is germaine to this thread? Dreamer Tatum Jul 2014 #90
Yes, the point is that you're defending soaking Argentina brentspeak Jul 2014 #91
Yeah, Argentina should tell the bondholders to pound sand. Louisiana1976 Jul 2014 #94
Why, exactly? Dreamer Tatum Jul 2014 #105
It doesn't matter who loaned the money, for the love of fucking Pete. Dreamer Tatum Jul 2014 #106
"Let Argentina refinance the debt they owe. Is that so hard?" brentspeak Jul 2014 #116
If it doesn't matter, why has every poster siding with Singer posted that the merrily Aug 2014 #185
Argentina did not 'take on debt' in the first place. Their corrupt Government did that. sabrina 1 Jul 2014 #163
Please see posts 178 and 179. merrily Aug 2014 #181
Most of the predatory capitalism is, unfortunately, legal. dixiegrrrrl Aug 2014 #239
Sabrina 1, I cannot recall reading a post of yours that was not on the money, IMO. merrily Aug 2014 #177
I can say the same thing about you Merrily sabrina 1 Aug 2014 #228
Thank you. merrily Aug 2014 #235
It cannot be said enough madokie Aug 2014 #213
Exactly, and the proof is in the results, the EU 'austerity' nations are a total sabrina 1 Aug 2014 #232
Without a doubt madokie Aug 2014 #233
Hmm, Carolina Jul 2014 #11
It would destroy their biggest market and their economy hack89 Jul 2014 #23
Apples and Oranges. We are making our payments. That's like comparing... stevenleser Jul 2014 #41
And oddly enough, people seem to think that China has the right to "call debt" Dreamer Tatum Jul 2014 #87
well put. Mind boggling. nt stevenleser Jul 2014 #98
I really, seriously don't get why people think every country on earth is entitled to free money Dreamer Tatum Jul 2014 #107
What about the bonds they hold implies that they can "call debt?" Dreamer Tatum Jul 2014 #85
US treasuries are not generally callable. amandabeech Aug 2014 #175
I take your point, but China and Singer are not comparable. merrily Aug 2014 #186
You have it exactly right. Certain countries, aided by certain ignorant people, Dreamer Tatum Jul 2014 #70
You said it much better than I have. Thanks. nt COLGATE4 Jul 2014 #120
Singer is a vulture and part of the money he gets helps fund Republicans suffragette Jul 2014 #101
OK. So? COLGATE4 Jul 2014 #118
Corruption...at the highest level...Politicians...and who they work for. KoKo Jul 2014 #153
That's all very interesting, but what, pray tell COLGATE4 Jul 2014 #162
But a person's character does not affect the value of bonds he holds treestar Aug 2014 #223
This message was self-deleted by its author MFrohike Aug 2014 #165
Yeah. People who buy bonds for nothing AFTER default always have the merrily Aug 2014 #176
Singer is a collection agency working on a mammoth scale. Fuddnik Jul 2014 #4
As is his right. Why shouldn't he get payment? COLGATE4 Jul 2014 #8
i cry for billionaires, too. nt griloco Jul 2014 #10
Cry for anyone who lends money expecting it COLGATE4 Jul 2014 #21
I have some names to give him, the actual culprits he 'trusted' to lend money to. It certainly sabrina 1 Jul 2014 #25
I think you're responding to some other poster? COLGATE4 Jul 2014 #30
No I was responding to your 'he has a right' comment. sabrina 1 Jul 2014 #35
Then I have to admit you've left me completely COLGATE4 Jul 2014 #37
my bad. i didnt realize u just wanted them to get their pennies back nt griloco Jul 2014 #47
Well, if it's so minor, why are people bitching COLGATE4 Jul 2014 #52
i know, right, you'd think Argentina was bitching about 15 billion griloco Jul 2014 #59
I don't know where you come up with the concept that COLGATE4 Jul 2014 #61
my bad again! didnt realize u had dismist poor mr singer & griloco Jul 2014 #73
I think you need a dictionary and a course in logic, for openers. nt Dreamer Tatum Jul 2014 #74
Ha ha ha, dictionary!!! That is soooo 2nd millenium. but teach me logic griloco Jul 2014 #99
Maybe the same place you get the concept that justice reguires Singer to win big on a risky merrily Aug 2014 #183
btw, u got a suggestiion for best port of entry for Argentinian waifs? nt griloco Jul 2014 #60
How much money did Singer loan the nation of Argentina? brentspeak Jul 2014 #49
How does that invalidate the debt? Answer: it doesn't. COLGATE4 Jul 2014 #50
Perhaps you should quit disingenously brentspeak Jul 2014 #56
Totally ficticious argument. WHO the bondholder COLGATE4 Jul 2014 #63
The only "fictitious argument" here brentspeak Jul 2014 #66
I have now told you three times in as plain language COLGATE4 Jul 2014 #68
Can you explain to all of us here brentspeak Jul 2014 #69
Breathtaking. You are an amusing person. nt Dreamer Tatum Jul 2014 #88
I bought a house. ABC Mortgage Lender loaned me the money. Two months later, they sold my Common Sense Party Aug 2014 #189
No, but you might want to enroll in some basic brentspeak Aug 2014 #237
I repeat Carolina Jul 2014 #12
What do you suppose would happen? COLGATE4 Jul 2014 #20
See post #23. It already answered your question. COLGATE4 Jul 2014 #29
I won't bother responding to you. Carolina Jul 2014 #46
Best non-response of the day. COLGATE4 Jul 2014 #53
Props to you for an injection of reality. Best of luck. nt msanthrope Jul 2014 #76
Every so often I am (painfully) reminded of COLGATE4 Jul 2014 #122
I get reminded that every day here. I get accused of not being a lawyer msanthrope Jul 2014 #123
I hear you. I had one poster refuse to believe I actually COLGATE4 Jul 2014 #125
Steve Leser had me on his show election night....I had the Black Panther msanthrope Jul 2014 #126
Yep. Jberryhill handles it extremely well. I COLGATE4 Jul 2014 #127
He is an expert on the legal aspects of birtherism...He turned me on to The Fogbow. msanthrope Jul 2014 #133
What are you talking about Sgent Aug 2014 #206
Lol, poor, poor vultures, they are people too. Sorry, you won't see many people crying for that sabrina 1 Jul 2014 #15
Call it anything you like but it's the law, as recognized COLGATE4 Jul 2014 #19
I think that the Argentina government was installed by the lenders not the people - or at least jwirr Jul 2014 #39
OK. So, your 'theory' is COLGATE4 Jul 2014 #42
If you want to put it that way but you are on the side of the crooks. Read the book I suggested jwirr Jul 2014 #45
Your lack of understanding of how laws work COLGATE4 Jul 2014 #54
Some history for perspective perhaps?: think Jul 2014 #82
Why, oh why, does Henry Kissinger merit such respect when not only did he support the Louisiana1976 Jul 2014 #95
I fail to see what this has to do with the question COLGATE4 Jul 2014 #124
Kissinger's involvement in installing a ruthless dictator has no bearing? think Jul 2014 #128
Nope. No bearing at all. The Argentine government COLGATE4 Jul 2014 #129
Set up a puppet govt and anything your puppet does is legit. got it..... think Jul 2014 #130
If you have facts that the Argentine government COLGATE4 Jul 2014 #131
I gave you the information. Ignore or refute as you like.... /nt think Jul 2014 #132
So the answer is "none". Got it. COLGATE4 Jul 2014 #134
Nice try. Who gave the dictator military aid after the coup? China? Seriously..... think Jul 2014 #135
Making a political decision to support a given government COLGATE4 Jul 2014 #136
You're doing a great job on this and I agree with everything you've posted. badtoworse Jul 2014 #137
So if China supported a military coup against America think Jul 2014 #139
The coup was in 1976. Argentina elected Alfonsin in 1983. badtoworse Jul 2014 #140
Thanks. You are absolutely correct. COLGATE4 Jul 2014 #141
Nothing like thinking you're making a point by pretending you know how people you've never met merrily Aug 2014 #182
Some things on DU are predictable. Blaming the banks for everything is one of them badtoworse Aug 2014 #212
Funny, I never saw DUers blaming the banks for everything. merrily Aug 2014 #215
OK, maybe I exaggerate sometimes. badtoworse Aug 2014 #218
Respect. Not many people make admissions like that on a message board. merrily Aug 2014 #222
Thanks! badtoworse Aug 2014 #225
COLGATE4, if you have at any point in time graced the DU community ms.smiler Aug 2014 #234
Why shouldn't he? Because you say so? COLGATE4 Jul 2014 #28
... Faux pas Jul 2014 #13
funny I read the entire, whole, complete article dsc Jul 2014 #16
from the article questionseverything Jul 2014 #36
please point out where they are suing or helping people sue dsc Jul 2014 #40
It's an extreme reach to the point of being dishonest. A desperate try to attack the Clintons stevenleser Jul 2014 #44
http://www.democraticunderground.com/10025304049 wyldwolf Jul 2014 #80
+ infinity nt stevenleser Jul 2014 #97
du rec. xchrom Jul 2014 #17
It is no surprise that the Clintons are about The Vultures - just look at Hillary's actions truedelphi Jul 2014 #31
Hillary was behind the coup in Honduras in 2009 that overthrew Manuel Zelaya and caused Louisiana1976 Jul 2014 #96
Yep, you' re saying what I am saying. And yet we call this truedelphi Jul 2014 #138
k&r for exposure. n/t Laelth Jul 2014 #65
SPINdig... wyldwolf Jul 2014 #78
Here is the attitude of many posters, brought down to a level anyone can understand. Dreamer Tatum Jul 2014 #83
That's the kind of logic I'm talkin' about! (you just left off the part threatening his kids) griloco Jul 2014 #100
What do his taxes have to do with anything? Dreamer Tatum Jul 2014 #102
Exactly what I said!!! WTF griloco Jul 2014 #103
This matter is about a million times simpler than you demand it should be Dreamer Tatum Jul 2014 #104
Gosh, when you put it that way. You should call Argentina* and tell them. Simply griloco Jul 2014 #108
Glad the lithium is working for you. nt Dreamer Tatum Jul 2014 #109
Thank you for your concern. But lemme see if I got your Brilliant Logic... griloco Jul 2014 #112
BTW, how did President Dr. Cristina Fernandez respond to your Logic? nt griloco Jul 2014 #113
Months pass. Borrower, who has defaulted on debt in the past, defaults on this debt, too. merrily Aug 2014 #194
They're called "vultures" for a reason. If Argentina can't afford to pay them off she Louisiana1976 Jul 2014 #92
I hope you handle your mortgage in a different COLGATE4 Jul 2014 #143
I don't have a mortgage--I pay rent. And I pay it first thing every month. But with Louisiana1976 Jul 2014 #155
And when you don't pay your rent, do you believe you should COLGATE4 Jul 2014 #158
Um, theres a reason Singer was able to buy the debt so cheap tularetom Jul 2014 #93
"It doesn't matter what some judge says" COLGATE4 Jul 2014 #144
Clearly, "It doesn't matter what some judge says" was never intended to state a legal theory. merrily Aug 2014 #195
Your astute reasoning is amazing. COLGATE4 Aug 2014 #214
So is your contempt for the intelligence of other DUers. merrily Aug 2014 #217
I think you're giving lawyers way too much credit. COLGATE4 Aug 2014 #224
Inasmuch as I haven't given them any credit at all, it's hard to see how I am giving them too much. merrily Aug 2014 #226
OK. Let's see: COLGATE4 Aug 2014 #231
Confessions of an Economic Hit Man: nationalize the fed Jul 2014 #110
^^^This.^^^ Ilsa Aug 2014 #174
kick for greater exposure. NuttyFluffers Jul 2014 #115
If you are going to borrow money. NCTraveler Jul 2014 #121
This is apparently a very difficult concept COLGATE4 Jul 2014 #142
Exactly ClarkeVII Jul 2014 #152
If you are going to buy junk bonds for peanuts after a borrower defauts, merrily Aug 2014 #184
never did understand the pedestal dems place the clintons on dembotoz Jul 2014 #164
Hmmmmmmmmmm marions ghost Aug 2014 #167
I think the two types of thinking better illustrated on this thread are... wyldwolf Aug 2014 #168
Oh come on marions ghost Aug 2014 #169
Look how the OP was framed wyldwolf Aug 2014 #170
Sorry, nope marions ghost Aug 2014 #171
And despite the headline of the thread, all the posts on the thread were about Singer, not merrily Aug 2014 #196
except they weren't wyldwolf Aug 2014 #198
200 posts on this thread, some of them long, and you claim 4 sentences make the thread only about merrily Aug 2014 #201
because someone dared to get the 'progressives' off their game by arguing against the real point... wyldwolf Aug 2014 #202
I had the mixed blessing of coming to this thread late and reading from start to finish. merrily Aug 2014 #203
So did I wyldwolf Aug 2014 #204
We seem to be going in circles. You've made that same point several times merrily Aug 2014 #205
As have you wyldwolf Aug 2014 #207
Um, I said "we." merrily Aug 2014 #208
That's right you did wyldwolf Aug 2014 #209
At least we managed to agree on something! merrily Aug 2014 #210
LOL. merrily Aug 2014 #193
LOL wyldwolf Aug 2014 #197
Your post was such an "accurate" description of the posts on this thread that it demanded an LOL. merrily Aug 2014 #199
your post was such a perfect example of strawman reasoning, it deserved a LOL wyldwolf Aug 2014 #200
Nope And even if the part you quoted fit that description, which it didn't, merrily Aug 2014 #211
Yep, a perfect strawman wyldwolf Aug 2014 #229
Uh Oh. LWolf Aug 2014 #236
K&R woo me with science Aug 2014 #238
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