Wednesday, July 31, 2013

Vultures v. Argentina gets a second wind

Here at Falling Downs we've been pontificating forever about the sordid spectacle of rich-world hedge funds fucking over the poor people in the so-called developing world.

Paul Singer is one of the leading architects of this brilliant scheme to make the richest people in the world richer at the expense of the poor people of the world.

His brazen pursuit of the government of Argentina through whatever court system he deems most sympathetic to his cause has already cost many millions of dollars.

Paul Singer can afford to keep doing this because the legal system in the world he lives in puts his interests ahead of those millions of people who will be paying the tab should he prevail in this matter.

And even if he loses, his legal costs will be tax-deductible.

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