U.S. District judge threatens to declare Argentina in contempt in hedge funds case

[unhappycamper]

http://www.rawstory.com/rs/2014/08/08/u-s-district-judge-threatens-to-declare-argentina-in-contempt-in-hedge-funds-case/

U.S. District judge threatens to declare Argentina in contempt in hedge funds case
By Agence France-Presse
Friday, August 8, 2014 21:22 EDT

New York (AFP) – The US judge presiding over Argentina’s debt dispute with two American hedge funds threatened Friday to hold the country in contempt of court for “false and misleading” statements.

The warning came after Argentina accused US District Judge Thomas Griesa of overstepping his jurisdiction by blocking the country from servicing its restructured debt until it settles its $1.3-billion dispute with the hedge funds.

The Argentine government made that argument in two-page advertisements Thursday in the New York Times and Wall Street Journal after Griesa’s ruling forced it into default for the second time in 13 years.

Griesa condemned the ads, which were called “legal notices” and urged creditors to replace the bank the judge has barred from disbursing their interest payments, Bank of New York Mellon, where an overdue $539-million Argentine payment is currently frozen.

[bemildred]

1. What a buffoon that judge is. nt