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stop vulture funds exploiting debt-ridden countrie

stop vulture funds exploiting debt-ridden countrie

108 signatures 142 to reach 250
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Vivianne M. signed
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James L. signed
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Started by Anonymous 19 years, 5 months ago
Vulture fund companies buy up the debt of poor countries at cheap prices, and then demand payments much higher than the original amount of the debt, often taking poor countries to court when they cannot afford to repay. Vulture Funds

Updates

March 17, 2007

I am currently drafting a formal letter to the treasury department to outline how these litigation tactics destabilize sovereign finances. My team is preparing data packets for representatives to ensure they understand the difference between legitimate investment and predatory debt extraction.

March 17, 2007

The current momentum has successfully captured the attention of several regional policy analysts. I am finalizing a formal briefing document to present at the legislative hearing scheduled for next week.

Reached 100 supporters

March 17, 2007

6 Comments

M
Mark Nkemelu
19 years ago Featured

This is nothing but legalized robbery. How these companies are allowed to operate like this is beyond me.

L
Linda Foster
19 years ago Featured

totally agree. stop the madness.

D
David Henderson
19 years ago Featured

Its disgusting what these suits do to people who have nothing. Stop the exploitation now.

J
Jason Wang
19 years ago Featured

Absolute shame. Governments need to step up and stop protecting these bottom feeders.

S
Sarah Stewart
19 years ago Featured

PURE GREED. Leave these poor countries alone so they can actually fix their own mess.

E
Elena Osei
19 years ago Featured

Debt is already hard enough without these vultures swooping in. Really sad state of affairs.

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