Quote: Paul Singer Elliott Associates The Vulture Financier threattning to devour Argentina can be stopped dead, a simple note to the courts from Obama, whole officially supporting Argentina, nothing has been done to save Buenos Aires from default. Obama could prevent fnd billionaire Paul Singer from collecting a penny by invoking the long established authority granted presidents by the US constitutions Separation of Powers clause Under the principle known as comity 2009 the presidents capitulation to Singer. Singer through a brilliantly complex financial manoeuvre, took control of Delphi Automotive, the sole supplier of most of the auto parts needed by General Motors and Chrysler. Both auto firms were allready in bankruptcy. Singer and co-investors demanded the US Treasury pay them billions including $350m (e200m) in cash immediately consortium threaten - well hshut you down They would cut off GMs parts literally. GM and Chrysle, with no more then a couple of days worth of parts to hand. would have shut down permanently: forced into liquidation. Obamas negotiator, Treasury deputy Steven Ratter, called the vulture funds extoration. Singer consortium was quietly paid $12.9bn in cash subsidies from the US Treasury auto bail-out fund. President Cristina Fernandez de Kirchner declared I cannot as president submit this country to such extoration. Unquote And we think we dont need The True and Living El El Yon Amighty I Declare Gods Word is TRUTH
Posted on: Wed, 21 Jan 2015 23:34:39 +0000
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