The vulture funds that corner Argentina also come for Spain
Posted by seumasach on September 1, 2014
Jérome Duval, Fatima Fafatale
1st August, 2014
The vulture fund NML Capital that, together with others, has Argentina on the edge of suspending payments, is already devouring the rotting flesh of the Spanish market. Elliott Management, the opportunistic fund of the serial U.S. speculator Paul Singer, has already pocketed a billion euros of Bankia’s failed credit and 300 million euros of Santander. It is estimated that it has paid hardly 50 million for both these portfolios, according to Auraree.com.
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