Category: Vulture Funds

Zambia: Let the looters pay the vultures

(February 28, 2007) A recent British high court ruling that permits a so-called "vulture fund" to pursue an enormous profit on its purchase of Third World debt from Zambia has provoked a backlash from global debt campaigners. However, U.S. law professor Larry Cata Backer argues that, within an odious debts context, the fund ought to be able to seek repayment but not from the people of Zambia.

The loans of mass destruction

(March 8, 2006) A few weeks ago, Colin Powell’s former chief of staff in the State Department, Lawrence Wilkerson, revealed to a PBS NOW audience something we all knew anyway about Saddam Hussein’s weapons arsenal: ‘I participated in a hoax on the American people, the international community, and the United Nations Security Council.’