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November 29, 2011

Greg Palast Exposes How U.S. "Vulture" Funds Make Millions By Exploiting African Nations

American “vulture” investors, including a top funder of the Republican Party, have demanded that African nations pay over half a billion dollars for old debts — for which the investors paid only a few million.
One New York vulture speculator, Peter Grossman of FG Capital Management, is demanding $100 million from the Democratic Republic of Congo. Is he collecting a legitimate debt from the Congo — or is the vulture’s claim based on a stolen security? Greg Palast reports from the Congo, Bosnia and New York in the joint investigation by the BBC, the Guardian and Democracy Now!

To purchase Palast’s “Vultures’ Picnic” click HERE

Filed Under: Opinion Tagged With: Amy Goodman, BBC, bosnia, congo, Democracy Now, democratic republic of congo, fg capital, Greg Palast, news, peter grossman, politics, The Guardian, vulture funds, vulture picnic, Wall Street

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