Wednesday, January 13, 2010

Don't cry for us, Argentina



Photo from fOTOGLIF
After all, the US government has $12.x trillion in above-board debt of its own, not to mention many more trillions in as-yet-unfunded alleged future liabilities.

Argentina's government is trying to get back in the borrowing line after a 2002 default. The country's Supreme Court just said they can't do that by liquidating central bank reserves to pay off the defaulted debt. The protester pictured above was among those who objected to the idea.

Anyway, interesting story, but I'm mainly posting it for the purpose of trying out Fotoglif, a free (in fact, supposedly a paying!) photo service.

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