Marci just concluded a deal paying off US vulture fund operator Paul Singer, a $2.5 billion pay-out which the Argentine government described as “extortion.”
The story of Argentina versus Singer, aka The Vulture, looms hugely over the US Presidential election. As Secretary of State, Hillary Clinton attempted to prevent Singer from collecting this “extortion” pay-off from Argentina. Singer, the top donor to the Republican Party, is fuming.
To get the story, listen to Greg Palast on Loud & Clear, …more
HuffPo reports that former Republican Presidential nominee Mitt Romney will endorse Senator Marco Rubio. Why? The answer is: the financier known as The Vulture, Paul Singer—donor Number One to the GOP—and top sugar daddy to the Rubio campaign.
Back in 2012, we broke The Nation cover story exposing how Singer, Mitt Romney’s finance chair, secretly stuffed the “blind trust” of Ann Romney with up to $115 million. For $115 million, a politician will wash your car — with his tongue. So, of course, Mrs. Romney’s husband will endorse the Vulture’s choice. Blind trust=blind endorsement.
DownloadVultures and Vote Rustlers, the film of Romney’s folly and other Palast team investigations, our best for BBC and Democracy Now! (Or get a signed copy of the DVD!)
Investigó a Paul Singer y cuenta quiénes pudieron ganarle
Entrevista con Greg Palast, periodista de la BBC y The Guardian También relata cómo el poderoso titular del fondo buitre NML venció a Perú y al Tesoro de Estados Unidos.
Durante su vida anterior, cuando era detective privado, el estadounidense Greg Palast (62) trabajó para sindicatos, para el Gobierno de Estados Unidos y hasta para los indios nativos de Alaska, a los que ayudó a descubrir un fraude de British Petroleum por el desastre ecológico del petrolero Exxon Valdez en 1989. Hasta que se cansó que ver cómo los reporteros hablaban de su trabajo y se pasó al otro lado: “Me convertí en periodista de investigación de la BBC y The Guardian(Leer la traducción del artículo). No les importaba que supiera o no escribir. Lo que les interesaba era la información”.
Desde Nueva York, Palast habló por teléfono con Clarín sobre Paul Singer. El hombre que maneja el fondo NML y principal demandante de Argentina en el conflicto por la deuda en default, …more
A British court has ordered the government of Zambia to pay the “vulture fund” company Donegal International 15 and a half million dollars. Donegal is owned by the US company Debt Advisory International. But investigative journalist Greg Palast reveals a new development ...more
Listen — Watch — Read the Report — Read the Transcipt “Vulture fund” companies buy up the debt of poor countries at cheap prices, and then demand payments much higher than the original amount of the debt, often taking poor countries to court when they cannot afford to repay.
Investigative journalist Greg Palast reports on one company that has won the right to collect $20 million from the government of Zambia after buying its debt for $4 million. In his recent State of the Union address, President Bush declared the United States was taking on the challenges of global hunger, poverty and disease, and urged support for debt relief, which he called the best hope for eliminating poverty.
But what exactly are wealthy nations doing to reduce the debt of impoverished countries?
Today we take a close look at companies known as “vulture funds.” Vulture fund companies buy up the debt of poor countries at cheap prices, and then demand payments much higher than the original amount of the debt, often taking poor countries to court when they cannot afford to repay.
For an in-depth look at this issue, we turn to a BBC Newsnight documentary by investigative reporter Greg Palast. Greg Palast’s BBC report on vulture funds. Today a high court judge in London ruled on the case that a vulture fund can extract more than $20 million from Zambia for a debt which it bought for just $4 million. To tell us more about this case and more we now turn to Greg Palast.
by Ashley Seager, Economics Correspondent Thursday February 22, 2007 Guardian (London)
President Bush could come to the aid of Zambia against a so-called “vulture” fund demanding millions of dollars in debt payments. He is reported to be concerned that investors from the Washington DC area won a court case in Britain last week which enabling them to claim $20m to $40m (£20m) from the poor African nation — as much as it has received in debt relief from rich countries in recent years.…more
February 14, 2007 — On 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.” …more