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by gadders 5005 days ago
The message being: Governments, pay your debts.
2 comments

Argentina reestructured its debts and it was a successful early 2000s campaign. These funds make money buying debt for pennies. They are similar in some way to patent trolls.

Not read this message as a support to the Argentinian government. What Argentina did with its debt is a case study.

Argentina reestructured its debts

Apparently, not all of it.

Maybe. I'm sure it's a calculated risk, but you might want to be careful who you cross when you deal with sovereign nations and seizing their assets. Private lenders don't have standing armies, after all.