Ever heard of Vulture Funds? The Humanitarian Chronicle will tell you a bit about this certain strain of self-aggrandizing greed. The hijacking of debt from poor nations and then holding them hostage with it. They’re going to have to do a renovation of Hell in order to provide for newer, even lower levels in order to accommodate the purveyors of this peculiar kind of conscienceless evil.

Vulture Funds are powerful financial organizations which prey upon companies and countries weakened by debt.

They buy up the debts of struggling nations at bargain prices then use bribery and legal muscle to extort the full debt plus punitive interest and court costs. Vulture Funds have successfully sued governments, frozen country’s assets and made vast profits from the poorest nations on the planet. Reverse Robin Hoods they rob from the poor and make the wealthy even richer.

In 1996 Paul Singer - the reclusive billionaire who is credited with inventing vulture funds - paid $11m for some discounted Peruvian debt and then threatened to bankrupt the country unless they paid $58m… which they did. Now he’s suing Congo Brazzaville for $400m for a debt he bought for $10m.

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