Where to start with this one… how about a Greg Palast report from 2007? It’s a bit dated, but highly pertinent. It’s six minutes long, and it’s free. It also didn’t air in the USA, except on LinkTV. When it aired in England, it led to a change in the law to prevent vulture funds from turning third-world debt relief into a cash cow.
US Representative John Conyers, who watches Palast on the BBC, walked into the Oval Office and confronted George Bush himself about the issue. Bush denied knowing anything about it, and Conyers let Bush know that he knew about it. Bush did nothing about it. Neither has Obama. In the meantime, US-based vulture funds continue to sue third-world nations for the full value of discounted debt. In many cases, that means US aid given directly to a foreign nation winds up in the bank account of a vulture fund manager.



