Monday, 4 May 2015
Last updated 24 min ago
Jun 7 2012 | 11:26am ET
Elliott Management's Paul Singer isn't getting any help in his fight with Argentina from the White House, but his friends on Capitol Hill are lending a hand.
The House Financial Services Committee, run by the Republicans to whom Singer has been so generous, will hold a hearing today on whether President Barack Obama's administration has "intervened" against U.S. investors. The administration is backing Argentina in its fight with Elliott and others over its 2001 default, writing in an amicus curiae brief warning that if Elliott is successful, as it has been so far, it would be an impediment to future restructurings.
The hearing will also deal with two bailouts.
Singer has donated some $2 million to Republicans this election season. He's also a member of the American Task Force Argentina, which is trying to force Argentina to pay on its defaulted bonds in full. Later this month, the U.S. Circuit Court of Appeals in New York will rule on Argentina's appeal of five lower-court rulings.
Theordore Olson, who served as solicitor general under President George W. Bush, will testify today. Another Bush official, former Deputy Treasury Secretary Kenneth Dam filed an amicus curiae brief in Elliott's favor, blasting the Obama administration's.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…