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

Tuesday, November 22, 2011 By Amy Goodman, Democracy NOW! | News
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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 more than 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, November 22, 2011 By Amy Goodman, Democracy NOW! | News
  • font size decrease font size decrease font size increase font size increase font size
  • Print

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 more than 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."