US courts side with vulture funds over Argentina

Yet another one of these major kinds of money/banking stories which you'd never seem to see near the front pages of the news but which has major kinds of consequences in the world:

http://www.forbes.com/sites/danielfisher/2014/06/16/supreme-court-hands-billionaire-paul-singer-a-victory-over-argentina/

http://www.theguardian.com/world/2014/jun/27/us-vulture-funds-argentina-bankruptcy

Vulture funds buy up existing debt, most often at pennies on the dollar, and then attempt to collect at 100%. In this case something like 92% of the holders of the bonds which Argentina defaulted on in 01 have agreed to a deal paying them something like 40% of face value and that deal will collapse if courts insist on the vultures being paid in full.

Argentina has never attacked the United States to my knowledge and I don't know of a rational reason to wish to make enemies of them for the benefit of a few lunatic billionaires.