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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (72997)	4/10/2011 11:25:55 AM
From: elmatador	Respond to of 218578

Shame on Iceland! In 2003, Mexico became the first country to retire its Brady debt. The Philippines bought back all of its Brady bonds in May 2007, joining Colombia, Brazil, Venezuela, and Mexico as countries that have retired the bonds. Brady bonds were created in March 1989 in order to convert bonds issued by mostly Latin American countries into a variety or "menu" of new bonds after many of those countries defaulted on their debt in the 1980s. At that time, the market for sovereign debt was small and illiquid, and the standardization of emerging-market debt facilitated risk-spreading and trading. In exchange for commercial bank loans, the countries issued new bonds for the principal sum and, in some cases, unpaid interest. Because they were tradable and came with some guarantees, in some cases they were more valuable to the creditors than the original bonds. The key innovation behind the introduction of Brady Bonds was to allow the commercial banks to exchange their claims on developing countries into tradable instruments, allowing them to get the debt off their balance sheets. This reduced the concentration risk to these banks. en.wikipedia.org

To: carranza2 who wrote (72997)	4/10/2011 11:32:37 AM
From: TobagoJack	Read Replies (2) \| Respond to of 218578

Diagonally across the street from me is geewhizbang renovated duplex building that was bought, renovated, and then held by Landsbanki. The building was held vacant when Iceland crisis got underway and eventually got sold to hong kong interest at a post-qe high n at gain. Per alpine climber take, perhaps Britain can sue the hong kong buyer for recovery of trumped up 'fraudulent conveyance' of disputed property formerly belonging to Landsbanki ;0) And get Philip the senile waste product to write an article about hong kong court passing judgement that HK has no jurisdiction. The case would be stronger than fg's case against Congo, or the new country in it's place. Wonder why fg does not buy some Russian czar railroad bonds of circa 1800s from hong kong's Hollywood road antique store and bring case to Beijing.