Investigation announced in Argentina over Macri-era IMF bailout

[sandensea]

2. At that dinner, he predicted "the whole country will end up crushing on Christine!"

In his famously broken English, of course.

(I mention that because Macri always prided himself on his "fluency" in English - which is nonsense)

In all seriousness, it's tragic how the cycle of taking on foreign debt to finance offshoring by the elites - what derailed Argentina (probably permanently) back in 1980/81 - ended up repeating itself almost to a tee in 2018/19.

"Always stumbling on the same rock," as they say in Argentina.

I do hope they can get somewhere with this probe - finding facts and naming names, as it were.

But with so much of Argentina's judiciary dominated by Opus Dei types (many of them Menem-era holdovers), it won't be easy.

The courts in Argentina are protective of banking interests to the point of coddling.

Just ask former Vice President Amado Boudou, who was brazenly railroaded as revenge for breaking up the private pension fund scams in 2008 - saving the country untold billions but angering banks and the stock market crowd (who routinely used pension funds to dump unwanted stock).

Boudou was convicted of the vague charge of "incompatible dealings" in 2018 solely on testimony obtained from someone Macri bribed with at least $100,000 to do so (official documents proved this - but the courts won't touch it).

Not content with that, they're now trying to deny him his right to serve out his sentence in house arrest (he had already served 18 months in 'pre-trial detention' - a favorite tactic in Argentina). And in the middle of this pandemic.

So I wouldn't put too much faith in Argentina's notoriously politicized judiciary (which is what McConnell was trying impose in the U.S.). But we'll see.

Thanks as always, Judi.