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Latin America

The Magistrate

(96,043 posts)

1. The Bond-Holders Should Take The Cut, Ma'am

Reply to sandensea (Original post)

Thu May 7, 2020, 03:41 PM

May 2020

And thank their lucky stars they got a dime. Either they are capitalists or they are not. If they made a poor calculation of where to invest, or even if they are overtaken by unforeseen circumstances they are supposed to lose their money.

That is the mechanism for channeling capital out of speculative channels into productive ones.

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Stiglitz, 137 economists from 20 countries back Argentina in debt showdown [View all] sandensea May 2020 OP

The Bond-Holders Should Take The Cut, Ma'am The Magistrate May 2020 #1

Well said - and they know it, as most of these hedge funds took out CDS (a kind of insurance) sandensea May 2020 #2

Hoping the best for Argentina's conscientious President. Judi Lynn May 2020 #3

Sure, Judi. He certainly has his work cut out for him. sandensea May 2020 #4