Oct. 20 (Bloomberg) -- Trading in Argentina's $20 billion of defaulted bonds has dried up as speculation mounts the government will delay plans to restructure the securities amid the worst global financial crisis since the Great Depression.
Bids for the bonds have ``significantly decreased'' this month after trading surged following the government's Sept. 22 announcement that it was looking into a restructuring plan, said Amir Zada, an associate director at Exotix Ltd. in London. Exotix, a brokerage that specializes in distressed securities, is quoting the debt at about 25 cents on the dollar, down from 29 cents on Sept. 29.
President Cristina Fernandez de Kirchner is seeking to yada yada etc etc continues here
If the story seems familiar to you, it's because you read all about it here on October 8th and October 16th written by yours humble servant Otto. Hey, fact is some are born leaders and others born followers......