Frigate As Collateral to Pay Off Debt?

[bayonetbrant]

A group of creditors had an Argentine frigate seized while on a training cruise to Africa to pay off the Argies default on their 2002 debt.

http://grognews.blogspot.com/2012/10/default-on-loan-hand-over-your-navy.html

No, you can't make this shit up.

[Longdan]

I guess their "repel repo man" drill was lax.

[LongBlade]

I guess their "repel repo man" drill was lax.

<chuckle>

[Steelgrave]

Another four years of Obama and they will be coming for our carriers....just sayin'    8)

[Longdan]

And Mitt is gonna get all the new ships he says he'll get from WalMart.
They will be plastic and made in China but cheap.

[LongBlade]

And Mitt is gonna get all the new ships he says he'll get from WalMart.
They will be plastic and made in China but cheap.

I am hoping that's an empty promise - or a low priority until after the debt is corrected.