Argentina Defaulting As Planned

Argentina’s financial elite were shocked with the US Supreme Court ruling, handing a win to Paul Singer of Elliott Management and other “holdout” investors who are now in a position to collect on the debt owed to it. However, Argentina, as planned, is moving to restructure their debt, which could leave the holdouts in the cold, for now.

Argentina expected to default on its bonds

“It seems to Paul Clement and to us that a denial of the cert petition in the first opportunity that the Court has to deal with the case is the least likely scenario, but it is not impossible,” a confidential memo from...