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Paul Singer Will Make Argentina Pay

In Buenos Aires, Paul Singer is a vulture. On Wall Street, he’s a freedom fighter

Illustration by Kelsey Dake

After Argentina’s July win in the semifinals of the World Cup, fans jumped for joy across the country and climbed wobbly stoplights to belt out patriotic songs. On the streets of at least one city, Rosario, Argentina’s third-largest, they also took the opportunity to taunt a U.S. hedge fund manager. Dancing around the National Flag Memorial, they sang a song in Spanish that more or less followed the tune of Bonnie Tyler’s It’s a Heartache. “F–‍–‍–ing vulture funds,” they chanted, in rough translation, “stop messing around and agree to a swap.”