From Blog the Debt (Jubilee USA)
Posted: 26 Feb 2010 11:55 AM PST
Watch BBC Newsnight’s great report on vulture funds in Liberia. It really makes the complicated story of vulture funds come to life.
BBC reports: Over the last five years the UK, US and other countries have written off billions of dollars in loans to the world’s poorest countries in an attempt to make poverty history.
But a small group of ruthless financiers – the vulture funds – have been trying to divert that money into their own pockets. Greg Palast reports on their latest target, Liberia, and on moves by UK MPs, prompted in part by a previous Newsnight investigation, to outlaw such funds.