Palast Hunts the Vultures: Liberia Exploited by Hedge Funds

[Austin Kelley]

http://www.gregpalast.com/bbc-on-the-hun...g-liberia/

[David Guyatt]

Thanks for this Austin. Palast rocks.

A few decades back, when I used to be in this sort of business, I saw this happen often --- the purchase of fire sale assets at cents on the dollar. Back then, the buyer usually had unusual access to movers and shakers in the debtor Sovereign nation that made it worth their while to buy otherwise worthless assets.

But the "game" has moved on.

No wonder they hide from public scrutiny.

[Peter Lemkin]

Thanks for this Austin. Palast rocks.

A few decades back, when I used to be in this sort of business, I saw this happen often --- the purchase of fire sale assets at cents on the dollar. Back then, the buyer usually had unusual access to movers and shakers in the debtor Sovereign nation that made it worth their while to buy otherwise worthless assets.

But the "game" has moved on.

No wonder they hide from public scrutiny.

So, A few people literally buy up and hold the paper on the whole world.....and then control what gets done there. No Country Left Behind - Intact.

[Austin Kelley]

Interesting that the profiteering was made possible by the "small boy units" and other such militias- especially those comprised of children- who were psychologically manipulated to commit horrible war crimes...