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Tuesday 29 November 2011

Reporter Greg Palast Exposes How U.S. “Vulture” Funds Make Millions By Exploiting African Nations



American "vulture" investors, including a top funder of the Republican Party, have demanded that African nations pay over half a billion dollars for old debts – for which the investors paid only a few million. One New York vulture speculator, Peter Grossman of FG Capital Management, is demanding $100 million from the Democratic Republic of Congo. Is he collecting a legitimate debt from the Congo — or is the vulture’s claim based on a stolen security? Greg Palast reports from the Congo, Bosnia and New York in the joint investigation by the BBC, the Guardian and Democracy Now!
http://www.democracynow.org/2011/11/22/reporter_greg_palast_exposes_how_us

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