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To: Olog-hai
Would it be fair to say that any literature painting a Jew in a bad light is anti-Semitic? Should it be said that literature showing: Italians, Poles, Germans, Indians etc., in a bad light is anti-(name)?

I'm not a defender of the Argentine President but possibly she cited Shylock because she perceives and probably rightly, that her country is being raped financially by Vulture Funds. The following gives us some info about Vulture Funds that may answer the Argentine President's attitude toward greedy money lenders - like the Shylock character:

Typically, vulture funds refuse to negotiate with countries who are indebted to them. They often make 400 percent profits with their legal proceedings, which often take place in New York or London courts where previous contracts on the loans were signed. “These funds are among the very worst actors in our international financial system," notes Dr. Collins Magalasi, executive director of the Zimbabwe-based African Forum and Network on Debt and Development. "They are aggressive, selfish, and greedy. In fact, they are so egregious that most legitimate investors won’t stand in the same room with them.”

And those running the funds continue to lobby for even greater powers.

Last June, Jubilee USA Network, along with our partners at American Jewish World Service, put enough pressure on New York legislative bodies to stop proposed legislation that would allow vulture funds to sue a struggling country, even after a court had rejected their claims. Then in November, Argentina's case was brought to the U.S. District Court, which ruled in favor of the hedge funds. Argentina was ordered to pay $1.3 billion to NML Capital and other creditors it represented. When Argentina appealed, the 2nd U.S. Circuit Court of Appeals froze the payout to hear new arguments from both sides. In February, the federal appeals court heard the arguments and ultimately asked Argentina to outline a payment plan. The plan the country laid out would essentially give the holdout creditors the same deal as 92 percent of the creditors that had previously restructured after Argentina’s default. It still offered a significant profit to the "vulture" funds. The hedge funds rejected this plan; now we wait for the U.S. 2nd Circuit Court to issue a final ruling. Last October, the Libertad was returned to Argentine waters by Ghana. We hope to see a similar outcome in the case of NML Capital LTD, v. The Republic of Argentina. The legal outcome will either offer more devastation or greater protections for the world’s poorest and most vulnerable people.

10 posted on 07/08/2015 5:46:44 PM PDT by JesusIsLord
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To: JesusIsLord

Is there an excuse for the “bloodsuckers” remark? That has the overtones of blood libel and is a well-known antisemitic epithet.


11 posted on 07/08/2015 5:58:36 PM PDT by Olog-hai
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