Argentina’s Dispute With Hedge Funds Goes To Pope Francis

Argentina’s dispute with Elliott Management was taken to a higher authority recently, as Pope Francis term “savage capitalism” was used to describe the actions of hedge fund players in the pursuit of sovereign nation debt payments. Argentina’s Pope Francis critical of the global financial system In a May 21 meeting with Pope Francis, Eric LeCompte, executive director at Jubliee USA,  presented an amicus brief in support of Argentina in the battle with what Lecompte called “vulture hedge funds.” Pope Francis, an Argentine native and a former Cardinal from the region, was critical of the global financial system first used the…