They said it couldn't be done (or that it was highly
unlikely). But, Great Caesar's Ghost, an Appeals Court has granted the group of bond holders
that restructured Argentine debt (exchange bond holders) the right to challenge
Judge Thomas Griesa's ruling that Argentina must pay bond holders that didn't
restructure, or so Bloomberg reports.
For ADD sufferers and those of you who haven't been tuned into the financial soap opera this is a huge victory for Argentina, and it's a loss for
billionaire hedge fund manager Paul Singer and other bond holders of the
country's 2001 sovereign debt working with him....
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