Vulture funds abuse the system, acquiring distressed debt in secondary markets to multiply profits at the expense of the poor and weak. While the practices originated in South America, the method has increasingly been used to target African countries.
The facts are simple. Mitt Romney's blind-trust invested more than a million dollars in a "vulture fund" managed by Paul Singer, a Romney adviser. Here is the tangled web that leads to lost American jobs -- and a 3,000% profit for Singer and Romney.
Mitt Romney, who famously authored an op-ed in 2008 suggesting that the federal government should "let Detroit go bankrupt," has been on the defensive...
WASHINGTON -- The Republican National Convention in Tampa, where former Massachusetts Gov. Mitt Romney accepted the presidential nomination of the Rep...
Paul Singer, the billionaire manager of the New York-based hedge fund Elliott Management and a major donor to Mitt Romney's presidential campaign, wan...
Our elections have replaced horse racing as the sport of kings. Only these kings are multi-billionaire, corporate moguls who by the divine right, not of God, but the United States Supreme Court and its Citizens United decision, are now buying politicians like so much pricey horseflesh.
WASHINGTON -- The presidential campaign of former Massachusetts Gov. Mitt Romney announced a haul of $14 million in the third quarter of 2011, after r...
WASHINGTON -- The passage of historic legislation legalizing same sex marriage in the state of New York last Friday was owed in large part to a compel...
NEW YORK -- A gay rights coalition hoping to legalize same-sex marriage in New York has been getting an infusion of cash from a surprising source: Rep...
As gay rights advocates intensify their campaign to legalize same-sex marriage in New York, the bulk of their money is coming from an unexpected sourc...
What Barack Obama described in the 2008 campaign is what we are seeing unfold in the country. Guns and religion -- or, in other words, fear and intolerance.
Chanos and Paul Singer briefed prominent policy officials about the growing financial instability. They told officials that banks that were about to sink the global economy. They called for decisive action. And they were ignored.