Argentina Didn't Come Up With the Term "Vulture"

Morning Edition had a piece on the possibility that Argentina will again default on its debt. The risk follows the decision by the Supreme Court to refuse to review a New York district court judge's ruling that Argentina had to pay a group of holdout bondholders 100 cents on the dollar and requiring U.S. banks to help enforce this ruling. As the piece explains, this is likely to lead to a second default since a provision in the agreement with the bondholders who had settled from the 2001 defa...