The Vulture: How Billionaire Rubio Backer Paul Singer Made Billions off Argentina Debt Crisis
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8 жыл бұрынdemocracynow.org - Argentina has reached an agreement to pay U.S. hedge funds that have sought for 14 years to profit off the country’s debt. The hedge funds bought up Argentina’s debt for bargain prices after its financial crisis, then demanded full repayment. Former Argentine President Cristina Fernández de Kirchner had refused to pay the firms, calling them "vulture funds." But under new right-wing President Mauricio Macri, Argentina has agreed to pay $4.65 billion to four hedge funds, including Elliott Management, run by billionaire Paul Singer. The deal would see the hedge funds take about 75 percent of what they demanded from Argentina-several times more than what they actually paid for the debt. Singer’s fund itself netted $2.4 billion-10 to 15 times its original investment. We speak to journalist Greg Palast. His recent article is called "Rubio’s Billionaire Wins Ransom from Argentina."
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@convexity4787 7 жыл бұрын
"Hillary Clinton called him a financial terrorist" HAHAHA. What is she by that standards?
@tituslivius3339 8 жыл бұрын
That guy looks like a private investigator from a comic book
@KoiandDragon 8 жыл бұрын
And Paul Singer looked like an evil super villain.
@shaunoconnell9506 Жыл бұрын
Súper professional and trustworthy. I hear he speaks 0 Spanish too so would understand the situation to the fullest
@robsmitleiden 2 жыл бұрын
So it's OK if Argentina issues bonds and fails to pay the bond holders, while Paul Singer wanting his money is the bad guy?
@winnrecked 8 жыл бұрын
This is brilliant, I want to start a vulture fund!
@08C6PaceCar Жыл бұрын
Disgusting comment
@ImStuckInStockton 5 жыл бұрын
How dare he collect on a debt! OH. MY. GOSH!
@clintonabdallah4807 5 жыл бұрын
a debt valued at Seven times!! more than what he paid for....you should always finish your statement.
@ImStuckInStockton 5 жыл бұрын
@@clintonabdallah4807 omg great returns! how terrible!
@clintonabdallah4807 5 жыл бұрын
@@ImStuckInStockton now thats beyond just business its Greed!
@ImStuckInStockton 5 жыл бұрын
@@clintonabdallah4807 Kirchner covered up a bombing over her own people to make money, committed many other abuses of her political power for money, and refused to pay back the millions borrowed, but the company that collects the debts is greedy?!
@clintonabdallah4807 5 жыл бұрын
@@ImStuckInStockton i bet you are the type who screams "Money over Everything" ..so u definitely wont understand where am coming from!
@axem.8338 3 жыл бұрын
World heavy weight champion, Paul 'The Vulture' Singer VS Greg 'Wannabe Sherlock' Palast.
@gregoryx330 8 жыл бұрын
best journalism
@dawsonj7016 6 жыл бұрын
well if Argentina ever wanted to operate in foreign markets it had to settle this debt, hnce Macri settling this debt. The circle of life, Argentinians will be better off this happened in the long run..
@coldragon06 11 ай бұрын
did i miss something here . he bought their bond when no body want it at the lower price and wait until later to collect his money . what wrong with that , people do that with the stock all the time . i mean if he doing some thing fishy like short sell then it is a different story .
@knight1506 5 жыл бұрын
anyone notice that he looks like Micheal Keaton who is the Vulture from Spiderman? Disney throws some shades lol
@bonze9347 6 жыл бұрын
"Pirate", hahahaha! In which world is enforcing your creditor rights piracy???
@ettavictor4804 5 жыл бұрын
Thank you. I don’t know why people sympathize with financially irresponsible governments. When Argentina sold those bonds, what did it think was happening? Did the government think it was getting free money? So how is Singer being evil for punishing them for their mistakes?
@clintonabdallah4807 5 жыл бұрын
problem isnt him enforcing! its him demanding more than triple of what he paid for.
@uriel1931 4 жыл бұрын
@@clintonabdallah4807 it's the interest they all agreed on it's not wrong at all, it's a voluntary agreement
@paulsingermustdie2403 6 жыл бұрын
What a beauty he is. Isn't he?
@satelitinternet6449 Жыл бұрын
WEF - Elite!!!
@Jcknight7996 2 жыл бұрын
How is this legal?
@MrMrgetbad 5 жыл бұрын
Next Republican nominee for president
@sychophantt 2 жыл бұрын
He should guest star on Billions
@ElSupraCabra 8 жыл бұрын
This man will get his justice...my goal before I die
@WithoutRemorse12 8 жыл бұрын
Labi Siffre- The Vulture
@satelitinternet6449 Жыл бұрын
THE WEF ELITE!!!
@ap_395_n 7 жыл бұрын
This guy sounds awesome.
@08C6PaceCar Жыл бұрын
Disgusting comment
@bobwobbabble5151 3 жыл бұрын
Don’t forget about the other vultures like Kenneth Dart.
@chicagoeconomist1643 6 жыл бұрын
Wow he expects people to pay their debts... amazing lol what an evil man lol
@clintonabdallah4807 5 жыл бұрын
pay 7 times more than what he paid for!....always finish your statements.
@dhuang81514 5 жыл бұрын
@@clintonabdallah4807 that is just called shrewd investing
@clintonabdallah4807 5 жыл бұрын
@@dhuang81514 like the word "shrewd" makes it any better!
@fatfat1877 5 жыл бұрын
@@clintonabdallah4807 How is it not better? The whole point of lending money or buying debt is to get more back. There wouldnt be much of a point in buying debt if you only got the same amount back would there?
@Multi407D 3 жыл бұрын
@@clintonabdallah4807 That doesn't mean that argintinia pays 7x. The bond market is real. Say you buy a bond for 10 dollars, the debtor defaults. You sell it to singer for 30 cents. Singer sues, and wins. The debt holder pays singer 10 dollars, who loses? Except for you? Just because singer made a profit, doesn't mean that Argentina lost (it lost more than if they paid nothing, but all they had to do was pay back their debt.
@dictorfeelgood 2 жыл бұрын
Why did you leave out the fact Singer donated to Democrats
@fredrickdavis876 2 жыл бұрын
Discuss
@3rdlorddiy903 3 жыл бұрын
He’s a Yuden just like you, lady.
@stillakzo 2 жыл бұрын
Bullshit people you are. He's not a vulture he's an eagle who hunts
@cabininthewoods7326 2 жыл бұрын
Stop with the republican bashing. Its Singer, not Republicans that are vultures. Greg Palast, democrat propagandist just like cnn and nbc.
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