Published On: Thu, Aug 28th, 2014

Fight Between Paul Singer and Argentina Rages On

Key Speakers At The SALT Conference

Billionaire Paul Singer, called a “vulture” by Argentina’s President Christina Kirchner for demanding the troubled country, which defaulted last month, pay him back in full, is hiring high-profile Carlos Gutierrez to lobby for him in Argentina. Gutierrez , former Secretary State Madeleine Albright’s co-chair and former U.S. Commerce Secretary, is joining the team to ensure that Singer is paid in full, despite the default.

Kirchner sent a bill to avoid the U.S. order to pay Singer, while proposing an agreement to go ahead and pay those those who swapped into bonds at a substantial haircut. The politicians in Argentina who argue against the bill are accused of having political backing, and the leadership smells a conspiracy, or so it believes, with Singer’s name written all over it.

 

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