The U.S. Supreme Court has rejected Argentina's appeal of a lower court ruling in favor of predatory hedge funds that buy sovereign debt for pennies on the dollar and then seek repayment at full value. JubileeUSA, which had urged the court to rule against the vulture funds, has the story and their response here. This is very bad news and gives the lie to those who claim "rule of law" is sufficient regulation of markets.
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In This Issue
- Editorial: Demand nuclear disarmament, not deterrence
- The fear of real Roman Curia reform
- Violence, culture of impunity still plague El Salvador
- This issue's Special Section: Family Life
Some articles are only available in the print newspaper and Kindle edition.
by Cindy Wooden, Catholic News Service The Francis Chronicles