Argentina President Rents Plane For International Trip To Avoid More Elliott Confiscations

Tyler Durden's picture




 

In a somewhat surprising bid to avoid having even more Argentina assets impounded by the increasingly more belligerent hedge fund hordes, president Kirchner opted to squeeze the government's already dwindling coffers further and instead of using her official aircraft, she decided to pay British air charter Chapman Freeborn $880,000 for an airplane rental to take her to Cuba, the UAE, Indonesia and Vietnam. This happens even as Argentina is once again caught in a messy brawl with the UK over the Falklands. And while the nearly $1 million abuse of taxpayer funds will hardly pass unnoticed, we have no doubt that Argentina should be able to finance itself in the international markets efficiently should it choose to: just slap a high yield on the debt and pitch it to Elliott, already in possession of an Argentina boat, who may (or may not) gladly buy it. Stranger things have happened.

From AFP:

Argentine President Cristina Kirchner will go on a four-nation trip in a rented British airplane for fear that her official aircraft would be impounded in a debt dispute, the government said Monday.

 

Despite a bitter war of words with London over the Falkland Islands, Kirchner's government is paying British air charter firm Chapman Freeborn $880,000 for the trip to Cuba, the United Arab Emirates, Indonesia and Vietnam.

 

The government's concern is very real: last year, a court in Ghana impounded the Argentine navy ship "Libertad" for two months following a request from NML Capital, a Cayman Islands-based investment firm.

 

The company, denounced by Argentina's government as a "vulture" fund," says Buenos Aires owes it $370 million stemming from the nation's debt default a decade ago.

 

Oscar Parrilli, the presidency's secretary general, said in a statement that it was "highly probable" that funds would try to detain Kirchner's official Tango 01 (T-01) aircraft on her upcoming trip.

 

Even though using the official plane would be 20 percent cheaper, the foreign ministry advised against using it "due to the aggressive posture of vulture funds," he said. A government source said the trip begins in Havana on Thursday.

 

Kirchner, who rented a Chapman Freeborn charter for previous trips in 2010 and 2011, has traded barbs with British Prime Minister David Cameron over the Falklands, which Britain retained after a bloody war on the islands in 1982.

We hope CFK does not have a Swiss bank account (like everybody else apparently these days) as breaching through the Elliott cordon of armed guards on Bahnhofstrasse to get to her stash would be worthy of a Bruckenheimer movie.

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Tue, 01/08/2013 - 14:44 | 3133578 q99x2
q99x2's picture

She needs to start renting few armed drones.

Tue, 01/08/2013 - 14:49 | 3133600 DeadFred
DeadFred's picture

Declare Elliot a terrorist organization and send in the black ops forces to deal with them. Oops, I was thinking of another country's likely response.

Tue, 01/08/2013 - 14:51 | 3133612 knukles
knukles's picture

Green Shoots!

(man she's turning into a real pruneella)

Tue, 01/08/2013 - 14:53 | 3133622 TruthInSunshine
TruthInSunshine's picture

My 3rd OT in the last 24 hours (and that's not good), but it's so worth it.

This is pure gold, bitchez -- even cnBSc laughs Joe Weaselthal off the air as he tries to seriously discuss the "trillion dollar coin" ridonkulousness:

http://video.cnbc.com/gallery/?video=3000139364

Tue, 01/08/2013 - 14:56 | 3133642 King_of_simpletons
King_of_simpletons's picture

Latin america takes the crown when it comes to overspending and getting into debt fast.

Tue, 01/08/2013 - 16:45 | 3134021 Pladizow
Pladizow's picture

What is not on that plane: Coke, US$, Gold, explosives or a hot latina?

Tue, 01/08/2013 - 14:57 | 3133645 Comay Mierda
Comay Mierda's picture

everything is a joke nowadays

Tue, 01/08/2013 - 15:12 | 3133703 NotApplicable
NotApplicable's picture

Well, since we're low on bread, time to ramp up the circus!

Tue, 01/08/2013 - 15:10 | 3133697 Freddie
Freddie's picture

This botox socilist bitch just needs to mint a $1 trillion Obama coin.

Tue, 01/08/2013 - 16:13 | 3133895 ACP
ACP's picture

She must've been something before electricity.

Tue, 01/08/2013 - 17:59 | 3134245 StychoKiller
StychoKiller's picture

I defy you to point out just WHERE the Botox was used in that picture! :>D

Tue, 01/08/2013 - 18:17 | 3134291 Freddie
Freddie's picture

I can tell where botox was NOT used.  Her eyeballs.  I think the rest of her/he had botox everywhere.

Tue, 01/08/2013 - 18:19 | 3134294 Freddie
Freddie's picture

duplicate post

Tue, 01/08/2013 - 19:35 | 3134482 3.7.77
3.7.77's picture

Have you looked in a mirror lately?

Tue, 01/08/2013 - 15:05 | 3133673 Cortez the Killer
Cortez the Killer's picture

vulture funds?

so, the new name for someone who lends you money is  vulture?

if you buy US Treasuries, you are a vulture?

buyers of sallie mae bonds:  vultures?

buyer of fannie mae bonds:  vultures?

Coming soon to a fascist dictatorship near you

 

Tue, 01/08/2013 - 16:44 | 3134020 TheFourthStooge-ing
TheFourthStooge-ing's picture

Cortez the Killer said:

if you buy US Treasuries, you are a vulture?

buyers of sallie mae bonds:  vultures?

buyer of fannie mae bonds:  vultures?

You've got a point. They should probably be called patsy funds or bagholder funds.

Tue, 01/08/2013 - 18:36 | 3134343 Cathartes Aura
Cathartes Aura's picture

sure wish folks would know their critters before using the names - vultures eat what other creatures would die from consuming, vultures are uniquely designed to "dispose" of the shit that poisons "the system" and rarely "kill" their prey, although occasionally will hasten the end of what is already dying.

HYENA FUNDS would be a more appropriate naming - taking down the prey in packs, LOL'ng all the way.

©Vutures for truth

Tue, 01/08/2013 - 14:45 | 3133582 slyhill
slyhill's picture

That is one homely dude.

Tue, 01/08/2013 - 14:56 | 3133639 Freddie
Freddie's picture

Pelosi's sister.

Tue, 01/08/2013 - 15:13 | 3133712 Freddie
Freddie's picture

Correction:

Pelosi's slightly less corrupt brother.  Pelosi had most of the Air Force's Gulfstream fleet at her disposal. 

Tue, 01/08/2013 - 21:34 | 3134748 A Nanny Moose
A Nanny Moose's picture

Impossible. She died when that house from Kansas, bearing Dorothy and Toto, fell on her.

Tue, 01/08/2013 - 14:56 | 3133640 Ookspay
Ookspay's picture

That's why God gave us Tequila.

Tue, 01/08/2013 - 19:15 | 3134442 vato poco
vato poco's picture

And store-bought knockers. Store-bought knockers are proof God loves us and wants us to be happy.

Tue, 01/08/2013 - 14:57 | 3133644 smlbizman
smlbizman's picture

she is like that chick on sienfeld.....depends on the lighting.....i see some pics of her and its..yeah, sweet..than i see other pics and almost vomit....

Tue, 01/08/2013 - 15:02 | 3133665 Ookspay
Ookspay's picture

That's what I was thinking... Humma Humma!

http://www.youtube.com/watch?v=TFeUrC2gR30

Tue, 01/08/2013 - 15:07 | 3133684 Joe Davola
Joe Davola's picture

The smaller gif on the front page did wonders - back in college the label was "blocker".

Tue, 01/08/2013 - 15:32 | 3133770 Joebloinvestor
Joebloinvestor's picture

You mean it depends on if the light is on , don't ya?

Tue, 01/08/2013 - 14:48 | 3133588 Manthong
Manthong's picture

I hope she at least earned some frequent flyer miles for all of that.

Oh, and puh-leeze…  No More Close-ups !

Tue, 01/08/2013 - 14:46 | 3133590 francis_sawyer
francis_sawyer's picture

I see she's getting beauty tips from Nancy Pelosi...

Tue, 01/08/2013 - 15:01 | 3133662 TPTB_r_TBTF
TPTB_r_TBTF's picture

Botox and gravity donT mix well.

Tue, 01/08/2013 - 14:47 | 3133591 AnAnonymous
AnAnonymous's picture

When extorters want to feel easy in dire times, there is no other solutions than fastening the belt to the extorted.

Carry on with the 'american'styler, you'll need it

Tue, 01/08/2013 - 14:57 | 3133647 TheFourthStooge-ing
TheFourthStooge-ing's picture

When Chinese citizenism excreters want to feel easy in dire times, there is no other solutions than loosening the belt and dropping pantaloons to decorate the roadside with a Brown Baby Mao.

Tue, 01/08/2013 - 15:14 | 3133669 akak
akak's picture

Famous Chinese shitizenism sayings of Little Brown Mao:

 

"All powerful roadside stench flows from the barrel of a Chinese Shitizenism rectum."

"A journey of a thousand li begins with a single roadside squat."

"I wokked the dog, and the wok won."

Tue, 01/08/2013 - 15:14 | 3133718 TheFourthStooge-ing
TheFourthStooge-ing's picture

Mao See Dung Book of Small Redness containing many inspirationated sayings responsible for blobbing up of Chinese citizenism roadside brown pingoism.

Tue, 01/08/2013 - 14:47 | 3133592 jonan
jonan's picture

who names a fucken airplane with the callsign "tango"

"tango" down that biotch!

Tue, 01/08/2013 - 14:47 | 3133593 catacl1sm
catacl1sm's picture

Riches, bitches.

Tue, 01/08/2013 - 14:47 | 3133594 Dr. Engali
Dr. Engali's picture

Her plastic is melting.

Tue, 01/08/2013 - 14:52 | 3133621 otto skorzeny
otto skorzeny's picture

who would win the ugly contest-her or Hillary? I'm going USA all the way.

Tue, 01/08/2013 - 14:48 | 3133595 Cognitive Dissonance
Cognitive Dissonance's picture

So....when do the hedge funds confiscate Air Force One?

Tue, 01/08/2013 - 15:12 | 3133705 pods
pods's picture

The are being bought off with proceeds from CIA flights of Bolivian Marching Powder.

pods

Tue, 01/08/2013 - 16:24 | 3133937 rufusbird
rufusbird's picture

Uhhhh, they already have...

Tue, 01/08/2013 - 14:49 | 3133598 silverserfer
silverserfer's picture

NML capital a Cayman Island Based Firm... Decesnded from pirates i suppose? Pirates in suits. the  future is not what it used to be.

Tue, 01/08/2013 - 15:13 | 3133713 NotApplicable
NotApplicable's picture

Demanding tribute, as always.

Tue, 01/08/2013 - 14:50 | 3133605 Hedgetard55
Hedgetard55's picture

"She" is a tranny, no? I am surprised the military hasn't taken over yet in
Argentina.

Tue, 01/08/2013 - 14:52 | 3133620 knukles
knukles's picture

Patience my little charchucherie gaucho

Tue, 01/08/2013 - 14:51 | 3133613 otto skorzeny
otto skorzeny's picture

this is what happens when all the old nazis in hiding die-the place goes to shit

Tue, 01/08/2013 - 15:07 | 3133681 Ookspay
Ookspay's picture

+1

LMFAO!

Tue, 01/08/2013 - 15:47 | 3133813 Buckaroo Banzai
Buckaroo Banzai's picture

...something the real Otto Skorzeny might know very well!

Tue, 01/08/2013 - 15:54 | 3133828 Sturm und Drang
Sturm und Drang's picture

Auld lang syne.

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