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Paul Singer Can’t Wait To Write Next Investor Letter

Short of having his arch-nemesis—Argentine President Cristina Kirchner—show up at his apartment on her knees in a sackcloth, carrying a letter of resignation and certified check for $1.7 billion, this week could hardly have gone better for Elliott Management’s Paul Singer, thanks to El Presidente.
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"You talk funny."

To be sure, Argentina is no closer to paying him the money it owes, in spite of the expiration of a promise it made to other creditors widely seen as blocking a deal. But if Singer has the capacity for schadenfreude—and we suspect he does—the last few days have been an absolute joy for the billionaire. On Tuesday, it emerged that a prosecutor whose mysterious death has rocked the country, wanted to see Señora Presidente in handcuffs for allegedly helping some Iranians escape Argentine justice for blowing up a Jewish center—and 85 people—20 years ago. As if to deflect attention from that bit of unfortunate news, Kirchner took to Twitter—to make fun of the way Chinese people speak Spanish. You know, the same Chinese people whose money she is currently relying on because Paul Singer is keeping her from tapping the international debt markets?

Mrs. Kirchner, who is in China trying to drum up investment in infrastructure projects, sent out a tweet in which she swapped L’s for R’s in the Spanish words “petróleo and arroz”—petroleum and rice—to caricature a Chinese accent in Spanish.

“Vinieron sólo por el aloz y el petlóleo?” (They came just for rice and oil?), she tweeted rhetorically, referring to hundreds of people at an event where she was speaking in Beijing.

Cue equally offensive non-apology apology non-sequitur.

“Sorry,” she said, “But you know what, the only way you can digest so much excess ridiculousness and absurdity is with humor. If not, things become very, very toxic.”

In Beijing, Kirchner Mocks Chinese Accent [WSJ]
Draft of Arrest Request for Argentine President Found at Dead Prosecutor’s Home [NYT]


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