Friday, September 29, 2023

A congressman criticizes a US Court judge in favor of the vulture fund that will harm Argentina

US Congresswoman Alexandria Ocasio-Cortez criticized during a House Oversight Committee hearing the close relationship between Paul Singer owner of the vulture fund Elliott Management, and the judge of the Supreme Court of that country Samuel Alito who ruled against Argentina in 2014, during the government of Cristina Kirchner.

“We are facing one of the biggest scandals in American democracy” Ocasio-Cortez said, referring to a Alaska fishing trip by private flight which Singer shared with Alito.

Paul Singer is the head of the investment fund Elliott Management, the vulture fund that sued for more than a decade against Argentina for not accepting the debt swap during the Kirchner government. The remembered judge Thomas Griesa, of New York, determined that the country must pay those who did not enter into the debt swap in 2005 and 2010.

Judge Alito, 73 years old, who joined the supreme court in 2006 initiated by former President George W. Bush, made a key determination against Argentina when the government of Cristina Kirchner presented before the US Court that the US courts shall have no jurisdiction to take. debt renegotiation case.

Alito voted to form a 7 to 1 majority on the United States supreme court, rejecting Argentina’s proposal and giving power to Judge Griesa, who ultimately ruled in Singer’s favor.

Because of that trial, which began with Alito’s vote on the Court, Argentina must pay Elliott Management about US$2,280 million.

Alexandria Ocasio-Cortez’s complaint

“I think we’re finally going to have to deal with the biggest scandal in American democracy going on right now. And it’s the extraordinary corruption and the wholesale buying and selling of members of the Supreme Court” said Ocasio-Cortez, who showed an image of Singer and Alito during the fishing.

“According to the ProPública report, Judge Alito traveling on a private jet, on a luxury trip and if I had boarded a similar plane it would cost more than US $ 100,000,” said the Democratic lawmaker.

They criticized that a US Court judge favored a VULTURE FUND that would harm ARGENTINA

“The millionaire who generously sponsored that trip was Paul Singer, and he has been in business before the Court at least ten times, in cases that were mostly covered by the press. So it is known that he is suing the Court. In 2014, Judge Alito along with other judges of the Court, “ruled in favor of Singer and his investment fund in a ten-year lawsuit against the Argentine Republic.” Ocasio-Cortez recalled.

The congressman emphasized that the judge did not even justify himself in the case against Argentina, even though he shared the trip with Singer: “He did not do it and used his position in the Court after this photo to rule in favor of Singer . Following that decision, Singer’s fund received $2.4 billion. “It’s a very good return on investment on a fishing trip.”

Nation World News Desk
Nation World News Desk
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