by Ted Rudow III,MA ( Tedr77 [at] aol.com )
Wednesday Mar 3rd, 2010
Over the last five years, Britain, the United States and other countries have written off billions of dollars in loans to the world’s poorest countries. But a small group of vulture funds have been trying to divert that money into their own pockets. how vulture funds have been operating there and why Liberia lost a $20 million case against two vulture funds in a British court.
In Britain, lawmakers have voted in favor of a bill to restrict so-called vulture funds—that is, financiers that buy up poor country debts cheaply and then sue for massive profits. The Debt Relief Bill would pave the way for banning private investors from pursuing the world’s poorest countries for debts in British courts.
This is the result of a selfish, greed-driven society. They've hardened their hearts for so long and are so blinded by greed and hypocrisy that they don't even hear the pitiful pleas of these poor suffering ones.
Ted Rudow III,MA