Slate Money: What Happens When a Country Won’t Pay Its Debt?

For this edition of Money Talks, Felix Salmon chats with Jay Newman, the former hedge fund manager who helped Ellis Management recover $2.4 billion from Argentina after that country defaulted on its loans. Jay shares his philosophy on sovereign debt and recounts a 16-year battle full of judicial intrigue. If you enjoy this show, please consider signing up for Slate Plus. Slate Plus members get an ad-free experience across the network and an additional segment of our regular show every week. You’ll also be supporting the work we do here on Slate Money. Sign up now at slate.com/moneyplus to help support our work. Podcast production by Jared Downing and Cheyna Roth. Learn more about your ad choices. Visit megaphone.fm/adchoices