1. Given the media intensity given to the Covid 19 (otherwise known as Corona or Wuhan) virus, there seems no reason to have posts on that very specific subject in several forums Accordingly, all of those posts will be moved to "Headlines". All new items on that subject should be posted there as well. This notice will expire on 30 April, or be extended if needed. Thanks, folks.

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 Maslow's Contradiction 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 Bad company 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.....
     
survivalmonkey SSL seal        survivalmonkey.com warrant canary
17282WuJHksJ9798f34razfKbPATqTq9E7