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View post: Update From Jacob Dreizin; Black Box Thoughts
Argentina "Determined to Default" Second Time Background: Argentina defaulted on bonds following a debt crisis in 2001-2002. 92% of the investors agreed to haircuts, but a vulture fund picked up an 8% share at rock bottom prices and refused to negotiate. In June, the US Supreme Court ruled that Argentina Cannot Selectively Default on the small group of hold-outs.
Excerpt from: Did the Rebels Have a Buk System? How About a Working One? Flight Diverted Over Restricted Space?
Please consider the fate of Siberia Airlines Flight 1812 Siberia Airlines Flight 1812 crashed over the Black Sea on 4 October 2001, en route from Tel Aviv, Israel to Novosibirsk, Russia. The plane, a Soviet-made Tupolev Tu-154, carried an estimated 66 passengers and 12 crew members. No one on board survived
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Also consider an excellent post by Tenebrarum on the Misguided Urge to Close Loopholes . Recently Apple’s CEO was forced to defend his company’s use of such loopholes in front of a very hostile Congress.