Trump nominee for Inter-American Commission on Human Rights board rejected

[sandensea]

4. Indeed, Judi. And it's a real shame about this guy Cassel; he was one of Nader's raiders in his day.

It seems that now that he's 70, he's more concerned about making sure the winter of his years are *golden* years. We're only human I guess.

Macri's pal, de Casas, never had to 'go to the dark side' though; he's been there from day one practically.

That bank fraud case he defended cost thousands of depositors their life savings back in '02 (that bleakest of years for Argentina). While some were in fact lured into buying into risky, high-interest CDs, others literally had their (gov't insured) time deposits illegally converted into high-risk accounts without their knowledge.

Some fear something similar may be brewing as we speak, btw. Taking advantage of Macri's bank deregulation decrees, Argentine banks are gaming interest rate spreads - and the Central Bank is issuing a nearly-uncontrolled amount of VERY high interest LEBAC bonds (28%) to keep the game going.

Macri's borrowing like there's no tomorrow to cover all bets. But if the Central Bank becomes unable to service the LEBACs fully, and that 'bicycle' tips over, it could be the worst bank insolvency crisis since the dictatorship's debt-fueled collapse in 1981.