For humanity, Congress pass VULTURE Funds Act

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For humanity, let's not allow preying on poor countries.  When heavily indebted poor countries default on loans, some hedge funds buy those debts for 10-20% of face value and then sue the counties for the full amount. Even before the current global meltdown, this practice added to the misery of underdeveloped countries around the world.  H.R. 2932, the Stop VULTURE (Very Unscrupulous Loan Transfers from Underprivileged Countries to Rich Exploitive) Funds Act, aims to stop excess profits by limiting the amount that can be earned from such investments to six percent annual interest.



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