- the man who may have bought every single sovereign bond dip in history in hopes of being bailed out by central banks - was on Epsteinwatch, for the simple reason that this time a bailout was not forthcoming, resulting in unprecedented losses.

As a reminder, back in May 2018, when it was on the verge of the biggest ever IMF bailout in history (some $57 billion and counting in money that will never be recovered), Argentina received a "vote of confidence" from Franklin Templeton's Michael Hasenstab after he injected $2.25 billion into the country, which has been battling to save its currency. As the Financial Times reported then, funds run by Hasenstab, including his flagship $38 billion Templeton Global Bond fund, snapped up more than three quarters of a 73 billion peso ($3 billion) 'Bote' bond issuance by Argentina in May 2018. .

The purchase reportedly made the asset manager Argentina's single largest creditors, with holdings in most Argentina bond securities, including the country's infamous 100 year bond due 2117, which has been eviscerated in the past two days as it now appears the country's market-friendly regime is on its way out, and will be replaced with the second coming of Cristina Kirchner.