http://www.latinbusinesschronicle.co...

"A weak Administration, with no major political party, President Correa gains strength from keeping the opposition on the defensive. Unfortunately, some of his machinations were caught on tape. Most of the attention converged on Economy Minister Patino, who is the president's closest advisor. The maelstrom began when Patino was filmed discussing, with a pair of investment bankers, the implications of a possible default on the prices of Credit Default Swaps (CDS). Although Ecuador vowed to default on its external debt, it serviced its obligations on time. It now appears that the threat was a ploy to manipulate bond and CDS prices"

And the 70% windfall tax that came out of nowhere?

Who bought that dip?

ebear