Stiglitz: "Argentina is one of the few successful countries in reducing inequality and poverty"

[forest444]

6. Thank you for sharing, enid.

Argentina is indeed complicated. My guess is that it's about to get even more so, unfortunately.

I'm with you on all the insights you just posted. Let me point out though that, contrary to media tropes, Cristina Kirchner never "blamed the US for everything that fails in Argentina" - only, and quite rightly, for what's been widely described as a callous indifference to vulture funds and their efforts to sabotage Argentina's bond market.

The thousands of affected bondholders will tell you the same thing - especially seeing as the Treasury Department and the courts moved as quickly as they did to nip vulture fund hostage taking in the bud in other bond default cases such as Detroit's and Puerto Rico's (and, unlike those two jurisdictions, Argentina was actually paying their bondholders religiously until Greasa blocked them last year).

This is a Cayman Islands money laundry we're talking about, responsible for not only billions in U.S. tax evasion (among them, the Romneys) but the destruction of leading U.S. firms such as Delphi Automotive and Caesar's Entertainment as well. Thousands of good jobs that are never coming back, thanks to Singer.

In the case of the Argentine bonds, that all the vulture fraud has been allowed to go on is a real shame. Not only because good, legit bondholders have had their money unjustly (some say, illegally) impounded; but because it dishonors what really is a good relationship between the two countries.

Good enough, in fact, that Cristina Kirchner was willing to put Argentina in a tight spot if it meant helping the U.S. in something important: http://www.democraticunderground.com/110844098 . You won't find too many friends willing to do something like that.