{"id":32703,"date":"2012-11-27T07:18:23","date_gmt":"2012-11-27T12:18:23","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=32703"},"modified":"2012-11-27T07:18:23","modified_gmt":"2012-11-27T12:18:23","slug":"billionaires-hedge-fund-rebuffs-ny-fed-in-argentina-case-no-risk-to-2-6t-payments-system","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2012\/billionaires-hedge-fund-rebuffs-ny-fed-in-argentina-case-no-risk-to-2-6t-payments-system.html","title":{"rendered":"Billionaire&#8217;s Hedge Fund Rebuffs NY Fed In Argentina Case: No Risk To $2.6T Payments System"},"content":{"rendered":"<p>Forbes &#8211; A hedge fund owned by billionaire\u00a0Paul Singer\u00a0disputed the\u00a0New York\u00a0Fed\u2019s opinion that a court ruling in its battle against\u00a0Argentina\u00a0over the world\u2019s largest sovereign debt default\u00a0could disrupt its payments system and global bond markets.\u00a0 Sources close to the matter also raised doubst that a judgment against Argentina, which could push the country into technical default, would render debt restructurings useless by incentivizing creditors to hold out.<\/p>\n<p>After Finance Minister Hernan Lorenzino characterized the court\u2019s decision as \u201cjudicial colonialism,\u201d Argentine authorities insisted that they refuse to pay what President Cristina Kirchner has dubbed \u201cvulture funds,\u201d and said they would take the case to the U.S. Supreme Court if an appeal didn\u2019t prosper.<\/p>\n<p><a href=\"http:\/\/www.forbes.com\/sites\/afontevecchia\/2012\/11\/26\/billionaires-hedge-fund-rebuffs-ny-fed-in-argentina-case-no-risk-to-2-6t-payments-system\/\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Forbes &#8211; A hedge fund owned by billionaire\u00a0Paul Singer\u00a0disputed the\u00a0New York\u00a0Fed\u2019s opinion that a court ruling in its battle against\u00a0Argentina\u00a0over the world\u2019s largest sovereign debt default\u00a0could disrupt its payments system and global bond markets.\u00a0 Sources close to the matter also [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-32703","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=32703"}],"version-history":[{"count":2,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32703\/revisions"}],"predecessor-version":[{"id":32705,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/32703\/revisions\/32705"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=32703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=32703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=32703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}