Article

2019-01-25 Caribbean-Latin America

Venezuela's defaulted bonds gain luster on regime change hopes, says economist

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Posted by Besoeker 2019-01-25 03:40|| || Front Page|| [8 views ] Top

#1 Is the apparent infatuation with Venezuelan 'regime change' based on defaulted bonds and investments? Should we be 'following the money'.....?

Posted by Besoeker 2019-01-25 03:44|| 2019-01-25 03:44|| Front Page Top

#2 They should be following a new leader.

Posted by newc 2019-01-25 03:54|| 2019-01-25 03:54|| Front Page Top

#3 Why should the people be stuck with the 'promises' of a prior corrupt regime? Seems to me, the backers who bought the bonds are as guilty of crimes of the prior regime as those who carried it out. See - terrorist financiers.

Posted by Procopius2k 2019-01-25 07:11|| 2019-01-25 07:11|| Front Page Top

#4 The 'investors' may have held the Kissinger view. Pump enough money into the system, perhaps it will morph into a Jeffersonian democracy.

Worked so well in China.

Posted by Besoeker 2019-01-25 07:16|| 2019-01-25 07:16|| Front Page Top

#5 IIRC it was a large New York based bank selling the bonds. They were criticized for propping up Maduro with the funds. They were also warned that the bonds may eventually be worthless.
I personally hope the banks takes a loss on the bonds.

Posted by jvalentour 2019-01-25 08:56|| 2019-01-25 08:56|| Front Page Top

#6 I personally hope the banks takes a loss on the bonds

And that we (the public) don't bail them out.

Posted by Mullah Richard 2019-01-25 12:51|| 2019-01-25 12:51|| Front Page Top

#7 Those bonds should be zeroed out by the next government.

Tie their asset value to that looted by the previous regime and families.

Posted by Bright Pebbles 2019-01-25 14:59|| 2019-01-25 14:59|| Front Page Top

#8 There's a reason securities like this are called 'junk bonds'.

Posted by Raj 2019-01-25 17:32|| 2019-01-25 17:32|| Front Page Top

#9 Brokers are trying to sell junk bonds for a second time to the credulous? They make money in transaction fees and don't care if the sucker loses...

Posted by magpie 2019-01-25 20:53|| 2019-01-25 20:53|| Front Page Top

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