Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend  
Printer Friendly Page Save As Favorite Save As Favorite View Article Stats
2 comments

OpEdNews Op Eds

Hedge Funds Have Human Rights Too

By (about the author)     Permalink       (Page 1 of 1 pages)
Related Topic(s): ; ; ; ; , Add Tags Add to My Group(s)

Interesting 2   Valuable 2   Must Read 1  
View Ratings | Rate It

Headlined to None 1/19/12

opednews.com



Hedge Funds Have Human Rights Too

By Armando
Discussing The Law: TalkLeft's View On Law and Politics

The latest in corporations are people too :

Hedge funds have been known to use hardball tactics to make money. Now they have come up with a new one: suing Greece in a human rights court to make good on its bond payments. The novel approach would have the funds arguing in the European Court of Human Rights that Greece had violated bondholder rights[.]

It's probably just a semantic question (this may be the court with jurisdiction over the subject matter), but it is certainly funny, in a strange way, to see hedge funds suing in a human rights court. The optics are not the best. The legal argument goes as follows:

Legal experts suggest that the investors may have a case because if Greece changes the terms of its bonds so that investors receive less than they are owed, that could be viewed as a property rights violation -- and in Europe, property rights are human rights.

(Emphasis supplied.) Ron Paul might say "We are all Europeans now!" And Mitt Romney might consider apologizing for America not agreeing that property rights are human rights.


 

articles reprinted from Dailykos.com
Add this Page to Facebook!   Submit to Twitter   Submit to Reddit   Submit to Stumble Upon   Pin It!   Fark It!   Tell A Friend
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact Author Contact Editor View Authors' Articles

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Rush Limbaugh's Sponsor List

Comcast favors Fox News, charges $204 more for MSNBC package. ACTION NEEDED

Ron Paul takes lead In Iowa, Newt Gingrich falls off cliff

Busted: Scott Walker fell for Prankster posing as David Koch

The Bundy Ranch flashpoint, one Nevadan's perspective

Meet Foster Friess, Billionaire who Bought Iowa for Santorum

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
2 people are discussing this page, with 2 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)
European Court of Human Rights is a joke anyway. ... by BFalcon on Thursday, Jan 19, 2012 at 11:52:19 PM
If this report is true and I have no reasons to be... by syed mahdi on Saturday, Jan 21, 2012 at 9:21:50 AM