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April 17, 2012

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Actually, the Eskenazis are on extremely poor terms with CFK. Part (but not all) of the story is here http://www.ft.com/intl/cms/s/0/caf527bc-88a9-11e1-9b8d-00144feab49a.html#axzz1sPhOxGm5. Expropriating the shares not belonging to the Eskenazis will force them into default, which will also accomplish the purpose of teaching them a lesson.

I appreciate the information!

The problem is that the FT link doesn't have any information. It reasons backwards from the conclusion: "If we assume that the expropriation was bad for the Eskenazis, then we can conclude that they have fallen out with the President."

That's not helpful!

What did the Eskenazis do to incur Cristina's wrath? Help! Might you have any other sources?

I also am looking for more information on the actual contract --- if the FT story about the buyback terms are correct, then a default might not cause the Eskenazis to lose their shares. That would change the interpretation of what's going on in Argentina.

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