[lbo-talk] Argentina nationalizes Repsol's oil firm, YPF

Dennis Redmond metalslorg at gmail.com
Tue Apr 17 17:45:18 PDT 2012


On Mon, Apr 16, 2012 at 11:43 PM, <123hop at comcast.net> wrote:


> More like colonial dementia.

Oh, but the story just gets better and better:

http://blogs.ft.com/beyond-brics/2012/03/26/us-gets-tough-on-argentina/#axzz1sLJ24Wkd

In a nutshell, the current PR burn on Argentina is actually fallout from Argentina's 2001 default. The Obama administration is acting on behalf of two companies: Azurix, one of those privatizing water services vampires which plunders public utilities for private gain, and which was at one time part of... you can't make this stuff up -- Enron, and an entity called Blue Ridge Investment, which turns out to be a subsidiary of... *drum roll*... Bank of America.

[Insert extended cackle of laughter].

-- DRR



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