Conyers Challenges Bush
For G8 Action on Vultures
Published June 5th, 2007 in Articles
Palast reports from London on BBC Newsnight
Watch it tonight beginning 10:30pm GMT, 5:30pm EDT
http://news.bbc.co.uk/2/hi/programmes/newsnight/default.stmCongressman John Conyers, still in the thick of his hearings on the firing of US Attorneys, is preparing a new target for investigation: Vultures.
We’re not talking about the feathered birds of prey, but predators with allies in the White House and Swiss bank vaults full of untraceable currency. These speculators buy up the debt of the poorest nations on the planet for pennies on the dollar — then use legal extortion or less-than-legal bribery to extract payments from these nations - payments equal to five, ten or twenty times what the vultures “invested.”
Conyers has personally informed George Bush that he expects the President to join the other G8 leaders to put the vultures out of business. “I’m counting on the President to do the right thing,” Conyers told BBC reporter Greg Palast. But if the President doesn’t, Bush can expect another set of investigations and hearings on the Administration’s inaction and ties to vultures.more at:
http://www.gregpalast.com/conyers-challenges-bush-for-g8-action-on-vultures/#more-1750