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Conyers Confronts Bush On Vulture Bonds

ZACH for Democracy Now

AMY GOODMAN: Can you talk about how your meeting went with the President yesterday?

REP. JOHN CONYERS: Well, we talked essentially about Iraq, Katrina and the domestic breakdown that’s going on right now. But it was my job, I felt, to raise the whole question of this bond speculation that goes on at the expense of poor debtor countries, in which their debt is bought up and then they’re sued for the full amount. It’s bought up at pennies on the dollar, …more