Power of Story
Send a Tweet        
- Advertisement -

Share on Google Plus 1 Share on Twitter 1 Share on Facebook Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 1 (3 Shares)  

Printer Friendly Page Save As Favorite View Favorites (# of views)   4 comments
General News

How Barack Obama could end the Argentina debt crisis

By   Follow Me on Twitter     Message Greg Palast     Permalink
      (Page 1 of 2 pages)
Related Topic(s): ; ; ; ; ; ; ; , Add Tags Add to My Group(s)

Must Read 3   News 3   Valuable 3  
View Ratings | Rate It

opednews.com Headlined to H2 8/7/14

Author 1833
Become a Fan
  (67 fans)
- Advertisement -


Paul Singer
(Image by Greg Palast)
  Permission   Details   DMCA

- Advertisement -

- Advertisement -

Reprinted from us4.campaign-archive1.com

- Advertisement -
The "vulture" financier now threatening to devour Argentina can be stopped dead by a simple note to the courts from Barack Obama. But the president, while officially supporting Argentina, has not done this one thing that could save Buenos Aires from default.

Obama could prevent vulture hedge-fund billionaire Paul Singer from collecting a single penny from Argentina by invoking the long-established authority granted presidents by the US constitution's "Separation of Powers" clause. Under the principle known as "comity", Obama only need inform US federal judge Thomas Griesa that Singer's suit interferes with the president's sole authority to conduct foreign policy. Case dismissed.

Indeed, President George W Bush invoked this power against the very same hedge fund now threatening Argentina. Bush blocked Singer's seizure of Congo-Brazzaville's US property, despite the fact that the hedge fund chief is one of the largest, and most influential, contributors to Republican candidates.

Notably, an appeals court warned this very judge, 30 years ago, to heed the directive of a president invoking his foreign policy powers. In the Singer case, the US state department did inform Judge Griesa that the Obama administration agreed with Argentina's legal arguments; but the president never invoked the magical, vulture-stopping clause.

Next Page  1  |  2

 

- Advertisement -

Must Read 3   News 3   Valuable 3  
View Ratings | Rate It

http://www.gregpalast.com
Greg Palast's investigative reports appear in Rolling Stone, the Guardian and on BBC Television. His latest film, The Best Democracy Money Can Buy, on how Donald Trump stole the 2016 election, is available on Amazon. Palast is Patron of the Trinity (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon



Go To Commenting
/* The Petition Site */
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.

Follow Me on Twitter

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

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

UAW Files Charges Against Romney for Auto Bail-Out Profiteering

Placebo Ballots: Stealing California From Bernie Using an Old GOP Vote-Snatching Trick

Aaron Swartz Died For Piers Morgan's Sins

TrumpCare dies, XL flies -- and the secret winner is...

The Confidential Memo at the Heart of the Global Financial Crisis

GREECE'D: We Voted 'No' to slavery, but 'Yes' to our chains