On March 11, the "Financial Times" ran a reply by Robert Shapiro of American Task Force Argentina, calling Martínez's article "a disservice to the FT's readers" and saying that Argentina's actions "pose the real threat to global finance." Shapiro explained that since Argentina's 2001 debt default, "the regimes of Néstor Kirchner and Christina Kirchner Fernandez have rejected every tenet of global finance. They refused to negotiate with bondholders, took four years to issue a 'take-it-or-leave-it' offer of 27 cents on the dollar or barely half the international norm, repudiated the debt of 25 per cent of bondholders who rejected that low-ball offer, and ignored more than 100 directives from US courts to honour their obligations." Rejecting Martínez's claim that Griesa had ordered "those who accepted the last restructuring…to 'share' what is owed to them," Shapiro stated that Griesa had "simply upheld Argentina's own original contract…and noted that under US law the Argentine government cannot choose to pay some creditors and not others." Shapiro commented that "The real victims of the Kirchners' long campaign to ignore their nation's obligations are the Argentine people," and quoted the recent statement by the Argentinian daily La Nación that "The main impediment for ending the conflict with the holdouts is that the government is prioritising the media battle with the creditors over channelling its energy towards seeking a technical solution."