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forest444

(5,902 posts)
3. If Anonymous could leak their client list, it would look like a episode of Narcos (plus Mitt Robmey)
Thu Feb 25, 2016, 02:05 PM
Feb 2016

To recap: they're getting 3 times more than their own demands, 4 times more proportionately than the other holdouts that recently collected, 15 times more than the bonds' market value, and at least 40 times more than what they actually paid. That's what often gets missed - on purpose - in these conversations.

Those bonds were bought (from resellers, not Argentina) for $48 million in the case of NML and a similar amount in the case of Aurelius. The market value of said bonds - which is all they're legally entitled to - is around $300 million. That offer, btw, stood until the last day of the Fernández de Kirchner administration - a concession in itself since holdouts aren't legally entitled to anything at all.

This excludes CDS insurance payouts of least $400 million NML and Aurelius already collected in 2014.

$5 billion is three times what NML and Aurelius themselves considered the "full amount" due to them (face value, plus 15% annual interest - a formula of their own creation) because Macri simply sweetened the deal at the last minute - for a juicy bribe no doubt.

And to whose benefit? Drug money laundries, one which is also a TARP baby that collected $12 billion by holding GM hostage (in the same way they did Argentina's legitimate bondholders).

Nice work if you can get it, right?

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