MercoPress. South Atlantic News Agency
Bad day for vulture fund that was after 100 million dollars from Congo
Britain’s Privy Council has ruled that a “vulture fund” cannot collect 100 million dollars from the Democratic Republic of Congo. Newsnight revealed last year that old Congo debts had been illegally sold to FG Hemisphere for 3 million and the fund had then sued in Jersey where they were awarded 100 million. Read full article
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Disclaimer & comment rulesTWIMC
Aug 11th, 2012 - 11:05 am - Link - Report abuse 0Vulture funds buy up the debt of poor nations cheaply when it is about to be written off and then sue countries such as Zambia or Liberia or DRC or Argentina.........................
Bye Bye vulture funds.......
Well I don't get to say this often, but well done Privy Council =) These vulture funds are scum (though I remember some of the anti-Cristina brigade on here praising them when they were in a court battle with Argentina!)
Aug 11th, 2012 - 08:46 pm - Link - Report abuse 0If you take on a debt and then default blaming the people who lent you money what do you expect?
Aug 11th, 2012 - 11:29 pm - Link - Report abuse 0if every country acted like these Country s who have no honor the world would distend into chaos
Picture is Mr Greg Palast, writer of vulture picnic, excellent book.
Aug 12th, 2012 - 03:45 am - Link - Report abuse 0Mr Grossman, that also worked at Bain Capital (annother vulturefund, where mittens romney “created” jobs) is one of the many “donators” to o'bozo DEM that's full of ex bain workers and GOP mittens romney. The more vulturefunds get destroyed, the better the world gets.
“if every country acted like these Country s who have no honor the world would distend into chaos”
Total BS, untill you realize how debt is created and why not all debt should and cannot be honored, specially if it's created out of nothing and with pure fraud (illegal) placed on the nation's balance sheet..like what's happening today (include in the UK) and what happened in Argentina in the past. Do your homework first before you type shit.
I agree with:
Aug 12th, 2012 - 04:46 am - Link - Report abuse 01, 2 and 4.
Vulture funds and Fraudulent Bankers have to be in jail.
Vulture funds learned how to do business from vulture Countries, It's exactly how they came to speak Spanish in Argentina ;-)
Aug 12th, 2012 - 07:56 am - Link - Report abuse 0FIDO DIDO 4
Aug 13th, 2012 - 12:30 am - Link - Report abuse 0I,m interested,what foreign debt of Argentina was fraudulent?
Ireland where I hail from had manageable debt but our banks were out of control so our government bailed them out,landing the population with 20 years of debt but they saw that as the right thing to do,any comments?
No comments on the colonialist and undemocratic quasi judicial role of the Privy Council in dealing with the legal affairs of Jersey then? No counter comments on the grown up relationship between UK and France over the sovereignty of Jersey and the other Channel Islands either. An opportunity for tanother exchange of prejudices and insults missed.
Aug 13th, 2012 - 08:24 am - Link - Report abuse 0#8 Jersey should be forced by Britain not to be a tax haven if they want their current relationship with us to continue, why do we keep allowing a protectorate to help our rich people avoid paying our state their taxes?! Is it because under Cameron the rich are in charge?!
Aug 13th, 2012 - 04:12 pm - Link - Report abuse 0@9 The rich are always in charge irrespective of whoever leads the Government and Jersey has been a tax haven for as long as I've been around. I even had a Jersey bank account myself when I was posted abroad in the early part of my career and that was under Jim Callaghan and old Labour. Still, you do raise an interesting question in my mind. Why do we allow a protectorate with less than 3000 citizens to prevent our state from enjoying the full extent of the taxes accruing from the exploitation of natural resources in an EEZ around British sovereign and administered territory?
Aug 13th, 2012 - 08:13 pm - Link - Report abuse 0(10) Cmd McDod
Aug 13th, 2012 - 08:46 pm - Link - Report abuse 0You say:
“Why do we allow a protectorate with less than 3000 citizens to prevent our state from enjoying the full extent of the taxes accruing from the exploitation of natural resources in an EEZ around British sovereign and administered territory?”
I say:
Well...... If that happened in my South American Patria, I would just call it corruption......
But you Brits have surely much fancier words for it.....
@11 And there I was thinking you would have nothing more to do with Mercopress after your recent posting was deleted by the editor. What on earth did you say about such an innocuous subject - something in the language of the former colonial power I suppose.
Aug 13th, 2012 - 09:21 pm - Link - Report abuse 0(12)
Aug 14th, 2012 - 04:21 am - Link - Report abuse 0Ohhh that…..
No sweat……..
I have had dozens of comments erased and been banned twice from MercoPress.
Some, at MercoPress, don’t like my style…..
Some others* do…..
(*Saludos Sr. G., if you are reading)
In this specific case the reasons can be:
1) I, inadvertenly, came to insult someone by pointing to yet another translation gaffe and calling him a root vegetable…… (Sorry, Mr. Editor)
2) I pasted a short passage of el “Llamamiento de la Pasionaria,” in it’s original language. (Not sorry about that)
@11 The exercise of self determination seems to be one candidate for an alternative word.
Aug 14th, 2012 - 06:57 am - Link - Report abuse 0@13 So, you have “form” then. If you were edited out every time you described a fellow poster as a turnip you would hardly have any entries left in the archive. Anyway, I now see how you came to have those other identities - to get around the censo{r],.
By the way, I didn't post at the time but I'm still smiling at the exchanges over the RFIP/Royal Malvinas Constabulary, through which a number of fellow posters showed us that, on the whole, root vegetables don't have a sense of humour.
(14) Cmd McDod…….
Aug 14th, 2012 - 07:12 pm - Link - Report abuse 0http://www.youtube.com/watch?v=A4I9DMSvJxg
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There is only one Think.
.....or recognise irony when they see it
Aug 15th, 2012 - 06:24 am - Link - Report abuse 0,
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come on fido dido ,lets be hearing from you,you made a statement some details please
Aug 15th, 2012 - 12:26 pm - Link - Report abuse 0#11 =)
Aug 15th, 2012 - 04:18 pm - Link - Report abuse 0#13 “Some, at MercoPress, don’t like my style…..
Some others* do…..”
I do =)
(16) Cmd McDod
Aug 15th, 2012 - 08:21 pm - Link - Report abuse 0If they had a sense of humour and could recognise irony, then they wouldn't be root vegetables..................... Would they?
(18) British_Kirchnerist
http://www.youtube.com/watch?v=-FucbvoFFy0
;-)
@19
Aug 15th, 2012 - 10:15 pm - Link - Report abuse 0You're right again, as you always are.
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