Here is one of the wildest sentences ever committed to PowerPoint. It's from a presentation that Owl Creek Asset Management gave about its efforts to round up investors to declare Argentina in default on its bonds and demand immediate repayment. Here it is: This would lead to a seat in settlement negotiations in January, likely resulting in an exchange into new bonds which trade closer to par. OK fine I guess that sounds like pretty normal corporatese. But imagine wanting a seat at the table in bond negotiations with Argentina! Elliott Management has been sitting at that table for a decade. Argentina is rarely even ... (full story)