Facebook flop hurts small investors’ trust in stocks http://t.co/0UxtxhPR via @reuters
No panic from Rangers coach ahead of do-or-die Game Six http://t.co/RgBg2Bf2
RT @reuters: High-yield bond funds suffer massive outflow hit-Lipper http://t.co/3l7IBNTA
@FTAlphaville @ftalpha – you’re most welcome. thanks for the shout out. http://t.co/hVLRQUEh
EU urges Greece to stay in euro, plans for possible exit http://t.co/bkdyTSel
Emergency ECB borrowing jumps as mainstream funding cut http://t.co/0Wqd07FO
Iran talks with world powers hit snag over sanctions http://t.co/G2XStush
Fed’s Bullard says orderly Greek exit possible http://t.co/IhyGVCr7
The governments’ man when creditors bay http://t.co/Q9V58LkG via @reuters
The governments’ man when creditors bay
NEW YORK (Reuters) – If any other European countries were to follow Greece into a debt default, Athens can recommend a lawyer.
Lee Buchheit crafted the restructuring deal that cut Greek debt by 100 billion euros and inflicted huge losses on bondholders in March.
Over the last 30 years, presidents and finance ministers have turned to Buchheit, 61, more than any other lawyer to help call off creditors when their governments run out of money.
His clients love him because he can help wipe away billions of dollars of debt. His legal opponents – bond investors, some of them so-called vulture funds – hate him for the same reason.
In addition to Greece, the folders stacked on the walls, desks and window sills of Buchheit’s modest corner office in lower Manhattan speak of other tough cases, such as those won for Iraq and Iceland.
Often, countries that turn to the dapper Buchheit have run short of money because governments stick with bad decisions for a long time, with disastrous results.
Buchheit wouldn’t want to change sides.


