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Greg Palast: US "Vulture" Funds Make Millions By Exploiting African Nations

Tuesday, 22 November 2011 08:31 By Amy Goodman, Democracy NOW! | News

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!

Guest:

Greg Palast, an Investigative reporter with the BBC and author of the books, “Armed Madhouse” and “The Best Democracy Money Can Buy.” His most recent book is called, "Vultures’ Picnic: In Pursuit of Petroleum Pigs, Power Pirates, and High-Finance Carnivores.”

Greg Palast's "Vultures' Picnic: In Pursuit of Petroleum Pigs, Power Pirates, and High-Finance Carnivores” is yours with a minimum one-time donation of $35, or a monthly commitment of $10 or more to Truthout.
 

Amy Goodman

Amy Goodman is the host and executive producer of Democracy Now!, a national, daily, independent, award-winning news program airing on over 1,100 public television and radio stations worldwide. Time Magazine named Democracy Now! its "Pick of the Podcasts," along with NBC's Meet the Press.


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Greg Palast: US "Vulture" Funds Make Millions By Exploiting African Nations

Tuesday, 22 November 2011 08:31 By Amy Goodman, Democracy NOW! | News

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!

Guest:

Greg Palast, an Investigative reporter with the BBC and author of the books, “Armed Madhouse” and “The Best Democracy Money Can Buy.” His most recent book is called, "Vultures’ Picnic: In Pursuit of Petroleum Pigs, Power Pirates, and High-Finance Carnivores.”

Greg Palast's "Vultures' Picnic: In Pursuit of Petroleum Pigs, Power Pirates, and High-Finance Carnivores” is yours with a minimum one-time donation of $35, or a monthly commitment of $10 or more to Truthout.
 

Amy Goodman

Amy Goodman is the host and executive producer of Democracy Now!, a national, daily, independent, award-winning news program airing on over 1,100 public television and radio stations worldwide. Time Magazine named Democracy Now! its "Pick of the Podcasts," along with NBC's Meet the Press.


Hide Comments

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