UN Vote On Argentina Debt Fight This Afternoon

Mark Melin

Published onSeptember 9, 2014

Updated on May 13, 2021

The United Nations General Assembly could deal a significant blow to those hedge funds who use what Argentina and its supporters called “vulture” tactics.

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UN creating a global bankruptcy mechanism?

In a vote at 3pm (EST) the UN could pass a resolution creating a global bankruptcy mechanism. Such a process could empower poor countries against predatory funds and limit future defaults.

"There's global consensus to stop predatory behavior," noted Eric LeCompte, Jubilee USA's Executive Director who signed a letter to UN Ambassador Samantha Power urging support for the measure. "This resolution is an opportunity to turn consensus...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

UN Vote On Argentina Debt Fight This Afternoon

UN creating a global bankruptcy mechanism?

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