Greg Palast Reports: BBC NewsNight- Vulture Funds

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Investigative journalist Greg Palast reports on one company that has won the right to collect $20 million from the government of Zambia after buying its debt for $4 million. In his recent State of the Union address, President Bush declared the United States was taking on the challenges of global hunger, poverty and disease, and urged support for debt relief, which he called the best hope for eliminating poverty.

Channel: News & Politics
Uploaded: February 27, 2007 at 6:36 am
Author: GregPalastOffice

Length: 0:05:52
Rating: 4.88
Views: 20,604

Tags: greg palast bbc newsnight vulture_funds bono poverty

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Video Comments:
JFWilliam (Friday 15th of August 2008 05:02:50 AM)
Read John Perkins's Confession of an Economic Hitman for a complete run down of the kind of procedure executed on third world country under the guise of globalization. A crime against humanity by any other name indeed ! Shame on all of us for letting this happen over & over & over again & still going on at this very moment... shame on us all !
kensingtion (Thursday 17th of July 2008 06:26:58 AM)
Why the fuck hasn't this guy thrown Anderson Cooper's ass out in the street where it belongs.
DanLackey (Wednesday 28th of May 2008 01:21:57 PM)
It said its bill was the result of interest and costs, but the judge has indicated that Zambia should pay less.
DanLackey (Wednesday 28th of May 2008 01:21:38 PM)
Last Updated: Thursday, 15 February 2007, 18:38 GMT E-mail this to a friend Printable version Zambia loses 'vulture fund' case Zambia's infrastructure plans could be threatened 'Vulture fund' report A High Court judge has ruled that Zambia must pay a substantial sum to a so-called "vulture fund". British Virgin Islands-based Donegal International paid less than $4m (£2m) for a debt the African nation owed, but sued Zambia for a $42m repayment.
adoracle1 (Wednesday 21st of May 2008 03:56:23 PM)
Well of course Bush supports debt relief...its another way to soothe and reward his evil cronies....here ya go boys...fresh meat...FEED! This country has been conquered in an ideological coup de`tat as surely as if they'd used the army...its a done deal. Ron Paul was right now they lay them down to sleep, dreams of stalk and prey to keep a million desperate souls to take And miles to go before they wake Miles to go before they wake...
C0MIC25 (Saturday 3rd of May 2008 08:21:21 AM)
bravo brother! well said..one of those tumbs up... is from me.
dentistsugardusty (Friday 25th of April 2008 03:13:46 PM)
Damn! who's really interested in peace? ...and who's mightier a stockholder or a president? knowledge + money + political placement + blind opportunity = callous humanitarianism or Fuck Themism..this is mine-ism. M.O.B. money over bitches and M.O.B.H. money over the balance of humanity
chad071981 (Wednesday 16th of April 2008 01:06:40 PM)
sounds like the credit card companies
westkan (Tuesday 29th of July 2008 11:59:53 PM)
Depending how far one has buried themselves with the CCs, one can come out the other side. Not that's it's easy and there no debt relief and, you have to pay back the money borrowed and interest. you can get significantly lower interest rates. you need a 3rd party to work wit you and the CC companies, but free help is available
theheathyfella (Monday 7th of April 2008 01:12:42 PM)
To my knowledge Brown has still not done anything about the situation.