Elliot Managment coercing Argentina to settle debts

Posted on November 24, 2012 • Filed under: Argentina, Business, Economy, Politics

With his trimmed white beard and rounded metal spectacles, Paul Singer might come across as a slightly miffed professor, his lips pursed and one eyebrow arched a touch higher than the other reported Independent.co.uk.

But the balding billionaire behind the New York hedge fund group Elliott Management is in fact one of Wall Street’s reigning titans, presiding over a business that is once again being portrayed as a greedy “vulture” for its attempts to coerce Argentina into shelling out more than a billion dollars to settle debts that it thought it had sorted out years ago. The result could be a disastrous debt default. Read Article

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