Vulture fund threat to third world
how Corporations Continue to Rape The Worlds Poor
Vulture funds - as defined by the International Monetary Fund and Gordon Brown amongst others - are companies which buy up the debt of poor nations cheaply when it is about to be written off and then sue for the full value of the debt plus interest - which might be ten times what they paid for it.
Broadcast 02/14/07 BBC - Newsnight - Video Runtime 15 Minutes
1 comment:
Fascinating in-depth article on the direct human consequences of vulture funds on poor african nations
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