Saturday, October 06, 2012

A Very Educational Cruise

Lesson 1: Pick better liberty ports.
Lesson 2: Pay your frack'n debts.
A court in Ghana, the West African nation sandwiched between Togo and Ivory Coast, blocked an Argentine navy training vessel from leaving one of its ports after granting a request from billionaire Paul Singer. The hedge fund manager, who owns debt from Argentina’s record $95 billion default in 2001, is trying to force the South American country to repay in full. While the value of the triple-mast frigate represents a fraction of the $1.6 billion that the Argentine government owes Singer’s Elliot Management Corp.,

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