Argentina’s officials have publicly and repeatedly announced their intention to defy any rulings of this Court and the district court with which they disagree...

Argentina Just Lost Huge To A Bunch Of Hedge Fund Creditors, And The Judge Was Brutal About It

by LINETTE LOPEZ

Argentina just lost its appeal to continue refusing to pay a group of hedge fund managers, led by Paul Singer, $1.6 billion worth of sovereign debt dating back to its $95 billion default in 2001. You can read the full decision here (via Credit Slips).

For years the country has been trying to avoid paying a bunch of "vulture" hedge fund managers that refused to take a 70% haircut on Argentine bonds like every other investor...............

Read more here: www.businessinsider.com