Monday, October 22, 2007

vultures

Another depressing fact I learned this weekend about the depths our greed-fuelled society has sunk to:

"Vulture funds buy up sovereign debt issued by poor countries at a fraction of its face value, then sue the countries in courts - usually in London, New York or Paris - for their full face value plus interest."

And apparently it's very respectable London law firms that help these vultures to get their pound of flesh out of starving African nations.

source

more vulture news


I think that words like "evil" and "terrorist" are becoming entirely meaningless if they don't include the guys in smart suits that do these kinds of things and probably pick up honours from the queen for their services to finance.

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