argentina to nationalize private retirement investments

Discussion in 'Financial Cents' started by Tango3, Oct 21, 2008.


  1. Tango3

    Tango3 Aimless wanderer

    bloomberg:http://www.bloomberg.com/apps/news?pid=20601110&sid=aC12kxRxMeqI

    ``The government is explicitly saying that it has problems meeting debt maturities and this is a last-ditch measure to do so,'' Salvucci said. ``For accounting purposes, this debt will no longer exist.'' [beat][beat][beat][gone]
     
  2. The plan is to take control over 10 funds, which hold about $29.3 billion in savings and the government had two options: reduce spending, eliminate subsidies and pay a political price or put its hands into the retirement accounts of the people.. Financial crisis well played everywhere..

     
  3. Jonas Parker

    Jonas Parker Hooligan

  4. Tango3

    Tango3 Aimless wanderer

    I will not click that link...smells like pork shoulder and ham!
     
  5. RightHand

    RightHand Pioneer in a New World Moderator Founding Member

    We usually get them before they get a chance to post. Conagher was able to pick up his IP origin and send him packing.
     
  6. ghrit

    ghrit Ambulatory anachronism Administrator Founding Member

    Back to the Tango 3's post --

    Are you telling us that goobermint bonds are not going to be paid at maturity? The Argies are gonna do it again --
     
  7. SuperTico

    SuperTico Yawn !

    Your heroes in DC are talking about this very thing TODAY.....
     
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