> 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,
#PeterGrossman of FG Capital Management, is demanding $100 million from the Democratic Republic of
#Congo...
https://www.democracynow.org/2011/11/22/reporter_greg_palast_exposes_how_us #GrePalast #DN!
#DropTheDebt #VultureFunds
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 a joint investigation by the BBC, The Guardian and Democracy Now! [includes rush transcript]
Democracy Now!