Matt Levine, Columnist

Argentine Bonds and Executive Pay

Also revolving doors, reputational risk, undergraduate financial engineering, and the return of Food Stuff.

April 14, 2016 at 12:57 PM UTC

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

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Argentina.

It's all over! I mean, it isn't really, but yesterday a U.S. appeals court affirmed, with surprising rapidity, Judge Thomas Griesa's order lifting the injunction that has prevented Argentina from paying its bondholders since 2014. So now Argentina can issue new bonds, use the proceeds to pay its holdout bondholders, and go back to being a more or less normal sovereign debt issuer.