Today’s report deals with vulture funds, a type of investment fund that waits for a country’s bankruptcy and default, then buys that country’s debts for a pittance and later asks for the full amount of money in court, preferably in the United States. This report names the funds that have led the process in Argentina and analyzes the factors that explain their existence in Latin America and Africa. It explores their super speculation and astronomical profits, their social costs, the benefits they reap from the global finance lobby and supportive laws that foster colonial domination. teleSUR
