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Design by default
The Economist
April 15, 2010

* SIR It can surely be no more than speculation to think that officials in Argentina hope that a widespread acceptance of their upcoming debt exchange by holdout creditors will "persuade American judges to ignore the pleas of vulture funds still seeking to obtain the full face-value of bonds they bought after the default" ("Eating their words", April 3rd). American courts have already heard those pleas and ruled against Argentina in more than 100 cases, issuing judgments in favour of bondholders totalling $8.6 billion.

To view the full article, visit: http://www.economist.com/opinion/displaystory.cfm?story_id=15905409

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National Taxpayer's Union

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