London's Vulture Funds Seize Argentine Navy Vessel
October 9, 2012 • 11:57AM

Acting on behalf of the City of London and Wall Street, the speculative vulture fund NML, Ltd., a subsidiary of the known financial predator Elliott Associates, seized an Argentine Navy training ship, the Libertad, in a Ghana port Oct. 2, having obtained a court injunction for the ship's detention to obtain payment on defaulted Argentine bonds on which it speculated in the 2001 financial blowout and subsequent default.

This action is part of an increasingly agressive campaign run by the American Task Force Argentina (ATFA), the U.S.-based vulture fund front group, which is whipping up an environment of violence aimed directly at President Cristina Fernandez, setting her up for death attempts or overthrow. In a dangerous blunder, Fernandez has made herself vulnerable to subversion by the "softer" side of this same campaign, by courting the British Empire's George Soros and taking economic advice from his ally, economist Joe Stiglitz (see separate slug).

In an Oct. 3 press release, the Foreign Ministry revealed that NML is owned by billionaire speculator Paul Singer, who is ATFA's chief financier. NML, the press release states, "is based in the Cayman Islands, a fiscal haven which, it's worth remembering, is a colony of Great Britain, from which those who don't abide by the laws of any jurisdiction operate, and have been denounced both by the G20 and the United Nations."

Former U.S. Ambassador to the United Nations Nancy Soderberg, co-chairman of ATFA and an Obama-endorsed candidate for the Florida state senate, penned an article in the Harvard Crimson Oct. 1, virtually calling for President Fernandez's overthrow, labeling her "authoritarian" and "anti-democratic" because she has failed to pay the vulture funds the full face value of the defaulted bonds on which they speculated in 2001-2002, and for failing to allow the IMF to evaluate the Argentine economy. Soderberg also claims that Fernandez's alleged suppression of "dissent" is like that of the murderous 1976-83 military dictatorship.

ATFA's campaign is also fueling the so-called "spontaneous" social media-organized pots-and-pans protests recently held against the President, whose leaders are sympathizers of the 1976 military coup and affiliated free-market madmen. The leader of a protest held outside the President's New York City hotel last week is reported to have advocated "shooting them all" in statements made in Buenos Aires earlier this year—a reference to the President and her allies.