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Irish Left Review
Joined up thinking for the Irish Left

offsite link New Books Worth Reading Mon Sep 19, 2016 23:25 | Seán Sheehan

offsite link 13 Billion ? Lucky for some? Mon Sep 05, 2016 13:04 | Tony Phillips

offsite link Rebuilding Ireland: Long on Promise, Short on Detail Mon Aug 29, 2016 22:20 | Eoin O'Mahony

offsite link Brexit and Other Issues: Comments on the Current Situation Mon Aug 29, 2016 21:52 | Brendan Young

offsite link Bin Charges: From Private Circus to Public Service Tue Jun 21, 2016 12:38 | Michael Taft

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Spirit of Contradiction

offsite link Officials and Provisionals Sat Apr 01, 2017 22:54 | James O'Brien

offsite link Interview with Cathal Goulding Mon Dec 26, 2016 17:11 | Cathal Goulding

offsite link Trump, Russia and the CIA Sat Dec 10, 2016 18:23 | Gavin Mendel-Gleason

offsite link Why is my rent so high? Mon Oct 31, 2016 18:51 | Gavin Mendel-Gleason

offsite link Review of Capitalism: Competition, Conflict, Crises by Anwar Shaikh Sun Oct 30, 2016 16:21 | Gavin Mendel-Gleason

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Public Inquiry
Interested in maladministration. Estd. 2005

offsite link Fitzpatrick decision: A Banana Republic decision

offsite link Mattie McGrath TD: A dangerous ignoramus Anthony

offsite link Religion should have no control over the political process Anthony

offsite link Diarmaid Ferriter: Denial and the language of cute hoorism Anthony

offsite link Fianna Fail liars Anthony

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The Saker
A bird's eye view of the vineyard

offsite link NATO at war and other statistical marvels Mon May 29, 2017 05:11 | Scott
by Scott Humor NATO Parliamentary Assembly Spring Session, Tbilisi, 26-29 May 2017 “The capital of Georgia, Tbilisi is a historic and a strategic place in the Caucasus region, which gave

offsite link Hassan Nasrallah on Donald Trump?s visit to Saudi Arabia Mon May 29, 2017 05:04 | The Saker
Speech by Hezbollah Secretary General Sayed Hassan Nasrallah on May 25, 2017, on the occasion of the seventeenth anniversary of the Liberation of Southern Lebanon Source : http://almanar.com.lb/2088414 Translation: http://sayed7asan.blogspot.com

offsite link US progressives must demand 3.5 more years of Russophobia! Sun May 28, 2017 20:26 | The Saker
by Ramin Mazaheri There I was again, flying first class on my shareholders? dime from New York to San Francisco, when I was deeply saddened to read about the death

offsite link Russian anti-Daesh operations in Syria ? a selection of videos Sun May 28, 2017 16:41 | The Saker
These are a few interesting videos showing what the Russians are actually doing in Syria: Ka-52 helicopter attacks against various armored vehicles Russian Air Force wipes out ISIS convoys near

offsite link Moveable Feast Cafe 2017/05/28 ? Open Thread Sun May 28, 2017 10:00 | Herb Swanson
2017/05/28 09:00:01Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

The Saker >>

Supreme Court Hears Argentina Predatory Hedge Fund Discovery Case High Court Decision to Hear Broader Landmark Debt Case Pending

category international | miscellaneous | news report author Friday April 18, 2014 18:00author by Arielle Retrosi Report this post to the editors

On Monday, the Supreme Court hears arguments between Argentina and holdouts who refused two debt restructuring deals after Argentina defaulted on its debts in 2001. The Supreme Court Justices will determine if predatory hedge fund, NML Capital can obtain information from US Banks that reveal Argentina's holdings in order to target those assets for debt payments. The Obama Administration is siding with Argentina in the case. In the summer, the Supreme Court will also decide if it will hear a much broader case between Argentina and the hedge funds that impacts extreme poverty, official US debt policy and country debt restructuring.

"The Supreme Court hearing this initial case offers some indication that they are interested in hearing the broader case," said Eric LeCompte, Executive Director of the religious antipoverty coalition, Jubilee USA Network. "The courts decision on the broader case will impact financial stability and people living in extreme poverty."

In late March, Jubilee USA Network and 79 religious and development groups filed an Amicus ("friend-of-the-court") brief with the Supreme Court urging them to take the broader case with global implications. In addition to Jubilee USA's filing, economist Joseph Stiglitz and the governments of Brazil and Mexico also filed on Argentina's side. The G24, the International Monetary Fund, World Bank, United Nations and the US government continue to raise concerns with predatory holdout behavior.

“There's a global consensus that his behavior hurts poor people and legitimate investors,” said LeCompte who serves on several UN expert groups working to stem predatory behavior. "If the Supreme Court takes the broader case and decides for Argentina, we'll see a lot of this extreme behavior end."

Jubilee USA Network is an alliance of more than 75 US organizations, 400 faith communities and 50 Jubilee global partners. Jubilee's mission is to build an economy that serves, protects and promotes participation of the most vulnerable. Jubilee USA has won critical global financial reforms and more than $130 billion in debt relief to benefit the world's poorest people. www.jubileeusa.org

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