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Martin Guzman – Wall Street’s worst vulture hedge funds are making a killing by undermining the global economy

Recently, a resonant legal victory of hedge funds over Argentina has captured the attention of the global community. The hedge funds in this case aren’t run of the mill investment shops, however. Popularly known as vulture funds, their modus operandi is to buy up the debt of countries suffering crises at bargain prices, only to fiercely litigate with them afterwards. They …

PR

Pete Dolack – Speculators Circling Puerto Rico Latest Mode of Colonialism

Puerto Rico’s governor may have said the commonwealth’s debt is unpayable, but that doesn’t mean Puerto Ricans aren’t going to pay for it. Vulture capitalists are circling the island, ready to extract still more wealth from the impoverished island. You already know the drill: Capital is sucked out by corporate interests that pay little in taxes, budget deficits grow and …