Ah yes rich people.
Always so philanthropic.
http://en.wikipedia.org/wiki/Vulture_fund
Always so philanthropic.
http://en.wikipedia.org/wiki/Vulture_fund
Quote:It is the activities of American vulture funds in countries such as Zambia, Liberia, the Congo republics and other heavily indebted poor countries in Africa which have caused the most concern. In 2002 the British Chancellor (and later Prime Minister) Gordon Brown told the United Nations that it was “morally outrageous” and perverse that the vultures made vast profits by buying up the debts of these poor countries cheaply and then suing for ten or a hundred times what they paid for them.[1]
The IMF and World Bank agree that vultures endanger the gains made by debt relief to poorest countries “The Bank has already delivered more than $40 billion in debt relief to 30 of these countries...thanks to this, countries like Ghana can provide micro-credit to farmers, build classrooms for their children, and fund water and sanitation projects for the poor” wrote World Bank Vice President Danny Leipziger in 2007 “Yet the activities of vulture funds threaten to undermine such efforts” and he went on “the strategies adopted by vulture funds divert much needed debt relief away from the poorest countries on earth and into the bank accounts of the wealthy”.[2]
You can fix ignorance, you can't fix stupid.
Tinkety Tonk and down with the Nazis.