Argentina in Mind, Organization Seeks Ban On "Holdout Hedge Funds" Debt Tactic

As the ugly and often bizarre nature of Argentina’s debt default played out in public, Eric LeCompte pushed for a single solution: an international bankruptcy process for sovereign nations. leCompte’s meeting with Pope Francis LeCompte, executive director of Jubilee USA Network, a religious group advocating for humane debt relief in an increasingly struggling global economy, had met with Pope Francis on the issue, noting the humanitarian issues the world would face without an organized method to deal with the growing problem. LeCompte’s prayers were answered Friday, as new rules being developed by the International Capital Markets Association (ICMA), whose members…