Argentina Defaults (Again) and Issues a Frivolous Threat to Sue the U.S. For Causing the Default
According to Standard & Poor's, Argentina has defaulted on at least some of its sovereign bonds, after last minute negotiations failed to reach a deal with its holdout bondholders, who had won a series of victories in U.S. court. Although there are reports that some U.S. banks representing the rest of the bondholders are exploring ways to buy out the holdout bondholders...