Take Action Now: Tell Congress to Stop Vulture Funds from Hurting Poor Countries
It's time to stop Vulture Funds from harming poor countries once and for all. Vulture Funds are predatory hedge funds that siphon off newly freed resources from debt cancellation. They profiteer off debt cancellation resources by buying up poor country debt in default at pennies on the dollar and use US Courts to sue for the full amount of the debt plus exorbitant interest rates and court fees. Instead of US tax dollars going to poverty alleviation projects like building schools and treating HIV/AIDS, they go into the bank accounts of greedy Vultures.
Please ask Congress to stop this behavior once and for all! Send a message to your House Representative telling him to co-sponsor the Stop Vulture Funds Act (HR 2932) to prevent further misuse of our courts in Vulture Fund cases against poor countries.