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Tag: Vulture Capitalism


Trump’s Treasury Pick Excelled at Kicking Elderly People Out of Their Homes

When Steven Mnuchin ran OneWest, the bank aggressively and, in some cases, wrongly foreclosed on elderly homeowners with reverse mortgages. The bank had a disproportionate share of such foreclosures.

Posted on Jan 17, 2017 READ MORE


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Trump Pick for Treasury Chief Is the ‘Ultimate Wall Street and Government Insider,’ Says GOP Lawyer

Steven Mnuchin got rich with taxpayer money in a legal but “distasteful” corporate welfare scheme in which he used dubious mortgages to foreclose on tens of thousands of families through a failed bank he bought cheap in the 2008 Wall Street crash, says California lawyer Saied Kashani.

Posted on Dec 1, 2016 WATCH & LISTEN



Greg Palast: How Obama Could End Argentina’s Debt Crisis

“The ‘vulture’ financier now threatening to devour Argentina can be stopped dead by a simple note to the courts from Barack Obama,” investigative journalist Greg Palast writes Thursday at The Guardian. “But the president, while officially supporting Argentina, has not done this one thing that could save Buenos Aires from default.”

Posted on Aug 8, 2014 READ MORE



Clintonians Join Vulture Flock Over Argentina

Likely leaders of a Hillary Clinton administration are helping hedge fund billionaire Paul Singer wring hundreds of millions of dollars out of Argentina, a move that could derail the country’s long climb back into solvency and undermine debt settlements worldwide.

Posted on Jul 24, 2014 READ MORE


Argentina Alleges Extortion After Court Sides With ‘Vulture Funds’

This week, the U.S. Supreme Court rejected an appeal from Argentina over its $1.5 billion debt in a ruling critics say validates predatory behavior by “vulture funds.” “Democracy Now!” looks at the case that is being called the “trial of the century” in how poor countries repay sovereign debt.

Posted on Jun 19, 2014 WATCH & LISTEN



Argentine Debt Appeal Rejected

The U.S. Supreme Court handed Argentina two major disappointments Monday “in cases brought by bondholders who refused to accept reduced payments after the country’s 2001 default,” The New York Times DealBook reports.

Posted on Jun 17, 2014 READ MORE


Greg Palast: Between Two Vultures

International gumshoe reporter Greg Palast tells RT’s Max Keiser how the fate of the Argentinian economy will be decided by a legal battle between the White House and Paul Singer—“the great vulture speculator in America” and “probably the top donor, or organizer of donors for the Republican party”—over the profits of big banks.

Posted on Aug 5, 2013 WATCH & LISTEN


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Posted on Aug 30, 2012 ENLARGE



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Billionaire Bloomberg Vetoes Living Wage Bill

New York City Mayor Michael Bloomberg wants to live in a better world. That’s why he vetoed a law that would have raised the minimum wage for a measly few hundred or so working New Yorkers to at least $10 an hour.

Posted on Apr 26, 2012 READ MORE


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