Investigation launched into five 1976 disappearances linked to Argentine Finance Minister's family

[forest444]

2. A more informative reply than the thread itself.

Thank you for taking time to dig a little deeper into the life and times of this very sinister man.

It stands to reason Macri would choose him as Finance Minister: just as the Prat-Gay family used their post in the National Bank in 1980 to take out loans for their Northern Sugar Company that were never repaid, the Macri family's SOCMA holdings is famous for taking advantage of the 1982 exchange rate guarantee program (a bailout, really) to pass along their high-interest debts to the Argentine government.

Except that whereas as Northern Sugar's bad debts amounted to around $1 million, SOCMA shafted the government to the tune of at least $124 million (in 1982 dollars).

And as the JP Morgan leaks revealed, Prat-Gay held large put options (possibly in the millions) before enacting the shock 40% devaluation two months ago. Like writing yourself a check, really.

Thanks again, Judi.