Former Argentinean President Dies, Banksters celebrate

[marmar]

via AlterNet:




Argentinean President Dies, Business Celebrates
Posted by Mark Engler on @ 8:37 am


On the death of Néstor Kirchner.

(This post first appeared at the "Arguing the World" blog at Dissent magazine.)

Rarely do you see it put in such crass terms. On Wednesday Néstor Kirchner–former Argentinean president, projected contender in next year’s elections, and husband of current president Cristina Fernández de Kirchner–died suddenly of a heart attack. Business rejoiced.

A Reuters article headlined “Argentine assets rise on death of ex-President Kirchner” read:

A market holiday in Argentina muted local prices, but investors immediately bid higher Argentine credit-related and equity-related assets trading in global markets following the news Kirchner, 60, husband to current President Cristina Fernandez, died suddenly on Wednesday….

“Sincerely, for Argentina and from a market perspective there is nothing better than knowing that Kirchner will be out of the presidential race of next year. For years his confrontational, resentful style towards investors, companies and bond holdouts deprived Argentina of much-needed capital,” said Roberto Sanchez-Dahl, who oversees $1.1 billion in emerging market debt for Pittsburgh-based Federated Investment Management.

Despite fund managers’ claims, Kirchner was no raving radical. Social movements in Argentina tended to have conflicted relationships with the Kirchners. And even those foreign analysts who have followed the strategy, popular in the Bush White House, of dividing Latin American progressives into a “good” left (Chile, Brazil, Uruguay under Vázquez) and a “bad” one (Venezuela, Bolivia, Ecuador) have sometimes been ambivalent about how to classify Kirchner’s Argentina. .........(more)

The complete piece is at: http://blogs.alternet.org/speakeasy/2010/10/28/argentinean-president-dies-business-celebrates/

[joeybee12]

1. Moral of the story: Banksters don't have to speak English to be assholes...n/t

[Guy Whitey Corngood]

2. I guess universally these people are scum. nt