Category: Argentina

International Law’s Tinkerbell moment: Part 2, The ones who had hissed

14 July, 2014 (09:53) | Argentina, Bonds, Cramdown, Finance, International law, Law, Markets, Politics, Recapitalization, Securities, Speculation, World Cup |

[Continued from yesterday’s Part 1.] By: David A. Smith Do you believe in bondholder rights? “If you believe,” Peter shouted to the voices, “clap your hands; don’t let Tink die.” Many clapped. Peter Pan, Chapter 13, Do you believe in fairies? As we saw in yesterday’s post, like Tinkerbell international law must be believed in […]

International Law’s Tinkerbell Moment: Part 1, What do you think?

11 July, 2014 (10:00) | Argentina, Bonds, Cramdown, Finance, International law, Law, Markets, Politics, Recapitalization, Securities, Speculation, World Cup | 1 comment

By: David A. Smith Do you believe in international law? Tinkerbell’s voice was so low that at first he could not make out what she said. Then he made it out. Peter Pan, Chapter 13, Do you believe in fairies? Though ‘international law’ does not exist (it presupposes a lawgiver with dominion over all), international […]

Month in Review, February, 2013: Part 2, All finance is global

26 April, 2013 (09:00) | Apartments, Argentina, Bankruptcy, Boston, CalPERS, Chapter 40B, Eurozone, Housing, Inclusionary zoning, Innovations, Month in review, Rating agencies, Redevelopment, US News, Zoning |

[Continued from yesterday’s Part 1.] ­­ [Previous Months in Review available here: Jan 13, Dec 12, Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12]   By:David A. Smith   You deserve a break today   Turning from the local to the national, I reported, with no little righteous, on the […]

Month in Review, February, 2013: Part 1, All real estate is local

25 April, 2013 (09:00) | Apartments, Argentina, Bankruptcy, Boston, CalPERS, Chapter 40B, Eurozone, Housing, Inclusionary zoning, Innovations, Month in review, Rating agencies, Redevelopment, US News, Zoning |

[Previous Months in Review available here: Jan 13, Dec 12, Nov 12, Oct 12, Sep 12, Aug 12, Jul 12, Jun 12, May 12]   By:David A. Smith   It all depends on what you think ‘local’ is   We think of home as a place of safety where we keep the dangerous world out, […]

When the gimmicks run out: Part 2, ‘They want us to die’

26 February, 2013 (18:17) | Argentina, Capital markets, Inflation, New York, Pensions, Speculation |

[Continued from yesterday’s Part 1.]   By:David A. Smith                                Yesterday’s post introduced us to New York’s state budget problems (via a this New York Times (December 19, 2012) article), which over the last decade or so have been covered up with ‘fiscal gimmicks,’ all of which have now been exhausted – all but one, […]