Monday, March 29, 2010

Clampdown on Vulture Funds Preying on Poor Countries

Clampdown on Vulture Funds Preying on Poor Countries, by Heather Stewart, The Observer, March 28, 2010 A Labour government would introduce legislation early in the next parliament to ban so-called "vulture funds" from preying on the world's poorest countries, Treasury minister Stephen Timms announces today. The move comes as a bid to draw a clear electoral dividing line with the Conservatives on overseas development....Tamara Gaw, a Washington-based lawyer at campaign group TransAfrica Forum, which campaigns to help vulture funds' victims, welcomed Labour's new promise. More...

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