You must not have been following the Argentina saga very closely if you think the courts are ruling out of political expediency. The U.S. government has appeare

You must not have been following the Argentina saga very closely if you think the courts are ruling out of political expediency. The U.S. government has appeared in this case multiple times in support of Argentina, but the courts rule against them anyway. The U.S. government (the executive branch, that is) would clearly rather the courts allow Argentina to wipe out the bondholders and start over. This litigation has become a major point of friction between the U.S. and Argentina diplomatically.