{"id":5306,"date":"2010-11-27T09:36:27","date_gmt":"2010-11-27T14:36:27","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=5306"},"modified":"2010-11-27T09:38:05","modified_gmt":"2010-11-27T14:38:05","slug":"debt-vultures-shot-for-chanukah","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2010\/11\/27\/debt-vultures-shot-for-chanukah\/","title":{"rendered":"Debt Vultures Shot for Chanukah"},"content":{"rendered":"<p>Greg Palast&#8217;s story, <a title=\"Greg Palast's article\" href=\"http:\/\/www.inthesetimes.com\/article\/6696\/debt_vultures_shot_for_chanukah\" target=\"_blank\"><strong>Debt Vultures Shot for Chanukah<\/strong><\/a>, explains one way capitalists can make money.<\/p>\n<blockquote><p>Dr. Eric Hermann, who, for a couple pennies on the dollar, secretly  bought the right to collect a $6 million debt owed by Liberia.<\/p>\n<p>Hermann and his flock of vulture partners demanded Liberia pay $43  million\u2014a devastating sum for that nation\u2014or he would, in effect, block  aid funding for that nation\u2019s recovery from civil war. The nation was  now Hermann\u2019s economic hostage.<\/p><\/blockquote>\n<p>Read the article to see how this story had a happy ending.<\/p>\n<p>I don&#8217;t think that this story is too far different from what happens in this country with some individual\u00a0 and corporate debts.<\/p>\n<p>Of course there is also the opposite end of the spectrum where the public (through its government)\u00a0 steps in to buy the debt of a risky business to let the perpetrators off the hook for their risky behavior. See yesterday&#8217;s post, <strong><a title=\"Previous blog post\" href=\"..\/2010\/11\/26\/eating-the-irish\/\" target=\"_blank\">Eating The Irish<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Greg Palast&#8217;s story, Debt Vultures Shot for Chanukah, explains one way capitalists can make money. Dr. Eric Hermann, who, for a couple pennies on the dollar, secretly bought the right to collect a $6 million debt owed by Liberia. Hermann and his flock of vulture partners demanded Liberia pay $43 million\u2014a devastating sum for that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-5306","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/5306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=5306"}],"version-history":[{"count":3,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/5306\/revisions"}],"predecessor-version":[{"id":5309,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/5306\/revisions\/5309"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=5306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=5306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=5306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}