Rubio's Billionaire Wins Ransom from Argentina
by Greg Palast - Palast Investigative Fund
Monday, February 29, 2016
Paul Singer, known as The Vulture, won a $4.65 billion payment from Argentina* — nearly ONE HUNDRED TIMES his "investment" of $50 million in old Argentina bonds. It was, in finance speak, the most successful "vulture attack" ever.
[Greg Palast has investigated Paul "The Vulture" Singer for BBC TV and The Guardian for the last 9 years.]
Singer’s actions are outlawed in most of the civilized world. Hillary Clinton, as Secretary of State, attempted to stop Singer’s predatory act, but Singer did a brilliant end-run: he used his cash to help elect a new President in Argentina that would jump to his tune and pay him billions.
Now, he’s attempting to do the same to the USA: pick a president for us who will feather his vulture's nest. He’s the number one donor sugar daddy for Marco Rubio’s candidacy [See, "Who Hatched Rubio"]. Singer is also the big bankroller of Karl Rove, to make sure that, even if he can’t sell Rubio to the GOP base, at least The Vulture can use "Turdblossom" Rove to ensure that Hillary won’t become President and put him out the of vulture business.
Rubio, in fact, skirted some ethical lines in his attempts to pressure the State Department to side with his corpse-chewing donor against Argentina.
As I’ve said, Singer directs his fellow billionaires’ investments in candidates. So, it is not surprising to see The Kochs lend their top political operative, Marc Short, to Singer's man, Rubio.
While Clinton and Sen. Bernie Sanders are currently siding with Puerto Rico against a whole flock of vulture financiers, Rubio has actually switched positions, arguing against bankruptcy protection sought by Puerto Rico’s government. Rubio supported bankruptcy—but turned on a dime the moment vulture money hit his campaign fund. It was like watching one of those little characters on top of an old style piggy bank who flips around when a coin is dropped in.
God bless America.
*Paul Singer Cuts Deal With Argentina After Ugly, 15-Year Dispute - Bloomberg Business
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Paul Singer image by Keith Tucker ©Palast Investigative Fund 2016
Later this year, Greg Palast will be releasing his new feature film The Best Democracy Money Can Buy—A Tale of Billionaires and Ballot Bandits, which includes his award-winning investigation Jim Crow Returns.
Greg Palast is the author of several New York Times bestsellers including The Best Democracy Money Can Buy and Billionaires & Ballot Bandits, Armed Madhouse and the highly acclaimed Vultures' Picnic.
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