# Prof. Edward Altman on the debt dispute between US hedge funds and the Argentine government

1 Faculty News August 22, 2014 ![NPR logo](/sites/default/files/styles/246w/public/assets/images/con_030855.jpg?itok=Ti1_93MD)>

Excerpt from [NPR](http://www.npr.org/blogs/parallels/2014/08/22/342474849/argentina-crisis-puts-focus-on-role-of-distressed-debt-funds) -- "[Edward Altman](http://www.stern.nyu.edu/faculty/bio/edward-altman) of NYU's Stern School of Business says there's nothing illegal about the hedge funds' demands. 'They have the right to not accept what they think was a flawed plan and the fact that they were holdouts doesn't make them vultures,' he says."

[Read more](http://www.npr.org/blogs/parallels/2014/08/22/342474849/argentina-crisis-puts-focus-on-role-of-distressed-debt-funds)