Tag: vulture funds

Obama Lands in Argentina –
Palast on Loud & Clear Radio

Greg Palast 

Screen Shot 2016-03-23 at 1.47.17 PMToday, President Barack Obama travelled to Argentina to speak with the country’s new President Mauricio Macri.

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

The Rubio/Romney Vulture Connection

Greg Palast 

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.

Download Vultures 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!)

More to come on Singer candidate shopping spree in our upcoming movie: The Best Democracy Money Can Buy.

You can read more about the Vultures here:

Who Hatched Rubio?

BBC America: Palast Hunts the Vultures

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In 2016 Greg Palast will be releasing his new feature film The Best Democracy Money Can Buy—A Tale of Billionaires and Ballot Bandits, which includes his award-winning investigation Jim Crow Returns.

Greg Palast is the author of several New York Times bestsellers including The Best Democracy Money Can Buy and Billionaires & Ballot Bandits, Armed Madhouse and the highly acclaimed Vultures’ Picnic.

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Investigó a Paul Singer y cuenta quiénes pudieron ganarle

Greg Palast 

by Francisco de Zárate for Clarin.com

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

Palast Hunts the Real Life Goldfinger for BBC – Watch it on Democracy Now!

Greg Palast 

“Vulture Fund” Company Wins $20 Million Payment from Zambia on $4 Million Debt
Thursday, February 15th, 2007

Watch the BBC Newsnight investigative report on BBC Newsnight — or at Democracy Now! with Palast and Amy Goodman.

ListenWatchRead the ReportRead 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.

LATEST UPDATE — Zambia Loses ‘Vulture Fund’ Case

Greg Palast. Investigative reporter for the BBC on this story is author of the books “Armed Madhouse”, “The Best Democracy Money Can Buy” and “Democracy and Regulation.”

The BBC Newsnight report was produced by Meirion Jones, BBC London; Rick Rowley, videographer/editor. Investigative research by Matt Pascarella, New York.

…more

Bush Could Block Debt Collection by ‘Vulture’ Funds

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

Vulture Fund Threat to Third World

Greg Palast 

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.” …more