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Occupy Wall Street comes home to roost with Congo’s ‘debt vultures’

Greg Palast 

Nowhere are the ill-gotten gains of the 1% more grossly apparent than in the activities of ‘debt vulture’ hedge funds

As published by The Guardian America


This article is the subject of a legal complaint from Peter Grossman.


Photo by Zach Roberts © 2011

This past Sunday, a deputation from Occupy Wall Street crossed the bridge from Manhattan and brought its protest to the Brooklyn residence of one of New York’s “vultures” This type of vulture doesn’t roost in a tree, but in a swish brownstone.

A “vulture” is a financial speculator who, as we recently reported, gets his hands on debts owed by desperately poor nations. The Brooklyn “vulture” targeted by OWS and Friends of the Congo is Peter Grossman. Two weeks ago, the Guardian exposed him as a financier who is demanding the Democratic Republic of the Congo, the world’s poorest nation, pay $100m to the hedge fund he manages, FG Hemisphere.

Grossman, tipped off about the demonstration, …more