Argentina's president Cristina Fernández de Kirchner addressed the United Nations today with a firm tone and pointed to global support in her fight with “vulture” hedge funds, then expressed concern with an International Monetary Fund solution to the problem.
Argentina reveals Pope is concerned about the predatory behavior of hedge funds
Speaking at the U.N. today, Kirchner mentioned her meeting with Pope Francis on Saturday, reported in ValueWalk, and then revealed the Pope is increasingly concerned regarding the “predatory behavior” of hedge funds who purchase sovereign debt after a default agreement has been reached and then work to undo the legal arrangement. Kirchner mentioned the Pope’s support in forming global opinion to pressure an organized bankruptcy process for sovereign...
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