Banks

Stop Feeding the Vultures

I get the idea that Eric Hermann doesn’t want to talk to me. When I came to his office suite, his hedge fund’s

Eliot’s Mess

The $200 billion bail-out for predator banks and Spitzer charges are intimately linked

BBC Newsnight Report:'Vulture Fund' Threat to Zambia

Greg Palast reporting for BBC Newsnight First Broadcast 15 February 2007 WATCH THE REPORT (Democracy Now! Re-Broadcast) READ ABOUT IT Note: Due to the BBC player link being currently broken we are temporarily providing a link from Democracy Now! which re-aired the program

Vulture Fund Threat to Third World

Greg Palast reports on Vultures for BBC NewsnightWatch the Report
By Meirion Jones
BBC Newsnight
February 14, 2007On Thursday 15 February a high court judge in London will rule whether a vulture fund can extract more than $40m from Zambia for a debt which it bought for less than $4m.
There are concerns that such funds are wiping out the benefits which international debt relief was supposed to bring to poor countries.
Martin Kalunga-Banda, Zambian presidential adviser and a consultant to Oxfam told Newsnight, “That $40m is equal to the value of all the debt relief we received last year.”

New Orleans — Still Under Water

A BUZZFLASH INTERVIEW
The White House knew [the levees broke] because the Army Corps of Engineers sent them photographs. Again, I want to emphasize that the White House had the photographs of the levees breaking, and didn’t tell state and local officials who had stopped the evacuation because the hurricane missed New Orleans. Everyone thought they dodged a bullet, but the White House didn’t tell anybody the levees broke and were drowning the city. — Greg PalastDVD cover
Greg Palast is just unstoppable, and after you watch his remarkable new DVD, “Big Easy to Big Empty: The Drowning of New Orleans,” you’ll understand why.