Tuesday, September 30, 2014

Don't Cry For Me

US District Court

Judge Thomas Griesa declared Argentina in contempt of court Monday in the ongoing saga of Argentina's 100 billion dollar default.  Judge Griesa found that Argentina has been routinely ignoring his court orders for the past year.

Argentina was booked and is being held at Riker's Island.

Photo: Sfoskett


Seriously though...

Can a sovereign nation be held in contempt of another nation's courts? Argentina claimed no, calling the action absurd and unlawful interference in a letter to Secretary of State John Kerry.  Although the Judge issued the contempt declaration he did not impose any penalties at this time.  Lawyers for the plaintiff asked for $50,000/day in fines. 

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