Vulture funding

Ruins lives, kills people and destroys countries and their economies for money:

Vulture funds were set up by our government at around 2000 to assume the debt of poorer countries. They’re called vulture funds because they basically circle a corporation or nation on the ropes. Some time ago, some rapacious pieces of shit like Michael Sheehan and Paul Singer (more on them later) hit upon the ingenious idea to spend a few million buying up their debt then immediately calling in the note and asking for the full debt. So instead of the nation being allowed to pay back a fraction of their debt, they’re instead hauled into court and forced to pay the full amount (in Zambia’s case, $55,000,000) plus interest.

In one case, Paul Singer, owner of both George W. Bush and Rudy Giuliani, earned $127,000,000 on a ten million dollar investment.

That’s right: Various people are using the government’s program for debt relief for the poorest nations on earth and are taking these same impoverished countries to court under threat of bankruptcy for no other reason than personal greed.

More hearts and minds! With dollar bills!