Hedge Funds may sue Greece in Human Rights court if Greece forces them to take a loss (legal, lawyers)

[EdwardA]

I bet the loony libs who set up this Human Rights court didn't have this in mind.

http://www.nytimes.com/2012/01/19/bu...s.html?_r=1&hp

The novel approach would have the funds arguing in the European Court of Human Rights that Greece had violated bondholder rights, though that could be a multiyear project with no guarantee of a payoff. And it would not be likely to produce sympathy for these funds, which many blame for the lack of progress so far in the negotiations over restructuring Greece’s debts.
The tactic has emerged in conversations with lawyers and hedge funds as it became clear that Greece was considering passing legislation to force all private bondholders to take losses, while exempting the European Central Bank, which is the largest institutional holder of Greek bonds with 50 billion euros or so.
Legal experts suggest that the investors may have a case because if Greece changes the terms of its bonds so that investors receive less than they are owed, that could be viewed as a property rights violation — and in Europe, property rights are human rights.

[HappyTexan]

Because the investors don't want to lose 50% of their invested principle, that's why.
Even with that they will make out better than GM bondholders who lost 100% when the government took them over.

[Dane_in_LA]

Do Hedge Fund Managers qualify as human beings?

[Swingblade]

This is interesting :

in Europe, property rights are human rights.

That is sort of like corporations are people.

The ECB should just buy the bonds they can probally turn around and sell them to Uncle Ben.

[Backspace]

Originally Posted by Dane_in_LA

Do Hedge Fund Managers qualify as human beings?

Yep, they're right above OWS organizers and Lady Gaga fans on the human scale.

[Backspace]

Originally Posted by Swingblade

This is interesting : That is sort of like corporations are people.

The ECB should just buy the bonds they can probally turn around and sell them to Uncle Ben.

Property rights are human rights.... but you're still not allowed to protect your property even if your life is in danger. Figure that one out.

[lifelongMOgal]

Maybe the former General Motors bondholders should take Obama to human rights court.

[VTHokieFan]

Originally Posted by Backspace

Yep, they're right above OWS organizers and Lady Gaga fans on the human scale.

OH NO YOU DIDN'T