"He’s been awarded $100 million against one of  "Africa’s most poverty-ravished
nations"

What an oxymoron! "Africa's most poverty-ravished nations" And yet
this large country is one of the richest in Africa in terms of natural
resources. If only President Joseph Kabila were endowed by the Good
Lord with a brain, things have been different. Read this:
http://www.warchild.org.uk/issues/congo-conflict-minerals




On 3/19/12, Dzigbodi Akyea <[log in to unmask]> wrote:
> Reporter Greg Palast Exposes How U.S. "Vulture" Funds Make Millions by
> Exploiting African Nations
>
> Read the full article here:
>
> http://www.democracynow.org/2011/11/22/reporter_greg_palast_exposes_how_us
>
> Excerpt:
>
>
> GREG PALAST: Mr. Grossman, hi. Greg Palast, BBC and Guardian.
>>
> I tracked down an elusive American speculator to his New York lair. He’s
> been awarded $100 million against one of Africa’s most poverty-ravished
> nations, for a debt he bought for just $3.3 million, under very mysterious
> circumstances.
>>
> PETER GROSSMAN: And I’m not beating up the Congo. I’m collecting on a
> legitimate claim.
>>
> GREG PALAST: You’re collecting on a legitimate claim.
>>
> While the rest of the world wrote off the debts of Congo and other poor
> nations to make poverty history, Peter Grossman and his fellow vulture
> financiers saw a chance to profiteer from the public’s generosity. Their
> scheme is to get rich quick by buying up worthless African debt, then suing
> for 10 or 100 times what they paid for it.
>>
> Do you think it’s fair that your vulture fund has sought $100 million from
> the Congo?
>>
> PETER GROSSMAN: Yeah, I do, actually.
>>
> GREG PALAST: You do?
>>
> PETER GROSSMAN: Can I ask—can I ask you—
>>
> GREG PALAST: For a debt that you paid only $3 million for?
>>
> PETER GROSSMAN: That’s not true.
>>
> GREG PALAST: Our investigation began in the Congo, suffering from an
> epidemic of cholera.
>>
> I’m heading out of the capital, Kinshasa. The cholera epidemic is sweeping
> the country. I’m driving to an encampment where the victims are cared for
> and quarantined. It’s still a struggle for the people here, in a nation just
> now recovering from years of civil war.
>>
> CHOLERA CENTER DOCTOR: This place is what we call a cholera treatment
> center. It’s set up in Kinshasa, part of the town called Kingabwa.
>>
> GREG PALAST: They’ve already treated 8,000 cholera patients, including
> 11-year-old Edoma Ensako.
>>
>>
>>_____________________________________________________________________
>>
>>
>>The higher the returns on the crime, the more legal it is.
>>
>>
>>One pound
>>
>>
>
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-- 
Peter Wuteh Vakunta, Ph.D.
Asst Professor of Modern Languages
Department of Defense Language Institute
Presidio of Monterey
190 Patton Avenue, Monterey
United  States of  America

http://www.dliflc.edu
http://tinyurl.com/FacebookSLC
http://www.vakunta.blogspot.com

"Race is the least reliable information you can have about someone. It's
real information, but it tells you next to nothing."~Toni Morrison

"There is no agony like bearing an un told story inside you."~ Zora
Neale Hurston

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