Comments on: Elliott Associates goes to Albany, again A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 By: HBC Sun, 20 Jun 2010 21:54:51 +0000 Vulture Funds: a system of licensed usury invented by Elliott’s Paul Singer with the collusion of politicians in Washington DC and New York, NY.

Vultures obtain insider knowledge of where US taxpayer “aid” funds are headed, buy up paper debt in those destinations at cents on the dollar, then in remarkably impressionable not to say corrupt US courts of “Law” rabidly enforce preferential ius primae noctis pounds of flesh from, essentially, defenseless peasants. What’s more, everybody else doesn’t get paid and the “indebted” countries wind up in worse shape than ever before.

Of all the ways to make a living in this world, running a Vulture Fund has to be among the least savory and most dishonorable. Vulture targets in recent years have included Honduras in – hothead, please note – Central America, as well as necktie fashion capital Colombia, q.v.

You won’t get much out of Elliott without a writ but a relatively candid list compiled by their fellow predators may be viewed at rkets/country-list/

That this systematically reduces emerging markets (their terminology, not mine) to carrion whilst robbing the unsuspecting US public is morally and Constitutionally improper. US jurisprudence is being blatantly subverted.

Public servants helping to feather Singer and his associates’ nests include New York’s most repulsive: Rudy Giuliani and “salty” homoerotic Eric Massa.

Elliott Associates aren’t the only ones in the game, but since they invented it the least they can expect is the brunt of blame for stealth credit so acquired. If America won’t shut down its own crooks, the rest of the world eventually will, in conclusion of a drama that’s been brewing for several years now.

That Paul Singer is a self-described “conservative libertarian who has given millions of dollars to Republican organizations that emphasize a strong military and support Israel” may afford comfort to the likes of Danny_Black but, to the less gullible, Elliott Associates plus bipartisan bribe-takers equals barely-legal embezzlement on a global scale. May soon they road-kill be.

By: hsvkitty Sat, 19 Jun 2010 23:54:58 +0000 Danny_Black, it would seem after 10 years there would have to be penalties to squirm your way back into the market. Sadly,the parties will be duking it out while the vultures will move on to pick the bones of others who do not deserve such treatment.

Also, the regimes of the some of these countries rape the people, then vulture funds come and pick the carcass. They do harm. They do business from the Cayman Islands to avoid taxes. No one should support that.

Always look to the future as well as the past. If you can’t understand the Karma in reaping what you sow, then you might want to learn Chinese. After all, buying debt to sue for more then the original debt/interest is a good thing right?

By: Danny_Black Sat, 19 Jun 2010 05:04:12 +0000 This is an outrage… It is a South American countries God-given right to regularly default on its debts to Western bondholders with little or no consequences to itself. How dare these bondholders try to enforce payment on loans, much better to pass the cost of lending to these firms to western taxpayers and account holders.

HBC, you are aware Peru and Argentina are in SOUTH America?

By: HBC Thu, 17 Jun 2010 18:38:52 +0000 Things the vulture funders raping Central America fail to take into account include how marvelous they’d look in neckties from that part of the world.

By: SGKingsley Thu, 17 Jun 2010 15:35:42 +0000 Sorry.

“The law would impose new costs on the exchange and complicate it, leading to a delay or even forcing Argentina and its advisers back to the drawing board. That in turn would keep Argentina frozen out of the bond market.’

What’s wrong with that? Do we really want Argentina to be able o access the bond market?

By: SGKingsley Thu, 17 Jun 2010 15:34:21 +0000 The law would impose new costs on the exchange and complicate it, leading to a delay or even forcing Argentina and its advisers back to the drawing board. That in turn would keep Argentina frozen out of the bond market.

By: KenInIL Thu, 17 Jun 2010 14:39:36 +0000 I’m especially fascinated by the change in the law that altered the amount of interest due on the debt. Wouldn’t that be ex post facto? Or do all contracts have an implicit clause saying “any or all terms can be altered by act of the legislature”?

No, wait, that can’t be the case. Contracts are sacred; at least, that is what was said last year, when the legislature was considering altering the executive compensation packages at TARP firms.

By: hsvkitty Thu, 17 Jun 2010 04:15:24 +0000 Opportunist vultures needs their wings clipped?