Re:Bernie Madoff has died
by sokoloff on Wednesday April 14, 2021 @10:05AM
(#26807236)
If you're talking about this guy: https://en.wikipedia.org/wiki/Paul_Singer_(businessman) I don't get any clear understanding of why someone would wish to see him die in prison.
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I think this is about the "pari passu" saga. It's one thing to hound individuals for their debts, quite another to hound an entire country - and in some cases there had already been a creditor resolution which he overturned.
Still I feel that asking him to die in jail for doing legal if nasty things is going a bit far.
Argentina was paying off debts when he pushed them into default to force a full payout on a debt he only paid a fraction for.
The IMF puppet president that got installed after that and that paid him off in full doubled the Argentinian foreign debt, resetting the economic situation to 2001.
An entire generation will know nothing but a broken country and regression without hope for future. People were dying of hunger in 2001 and people are dying of hunger now.
But Paul Singer got his 500% ROI.
And read up about what he did in Detroit if you think he only does it to some 3rd world countries.
Tbh this is more of a failure of Argentinian government institutions to protect their country against it.