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To: AuntB

He’s called the vulture and he makes most of his money off foreign bonds. He bought bonds of an old African country (the Congo I believe) that went through a coup for pennies on the dollar because the holder thought they were worthless. Through his connections in government, he got a ruling that the bonds needed to be payed by the new country, Democratic Republic of the Congo (this is from memory). The new country didn’t have a billion to pay so a humanitarian was made by the US and the bonds were paid with that money. He also bought old Argentinian bonds for 50 million and ended up making 850 million.

He’s a billionaire hedgie that doesn’t care about left/right, just how he can use the system to extract money.


3 posted on 10/30/2017 10:29:45 AM PDT by Vic S
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To: Vic S

You are right. The article goes on to talk about that.

[snip]”The purpose of the Singer call was clear: to smear the reporter whose broadcasts from Africa for BBC Newsnight, The Guardian and Democracy Now! had identified Singer as a “Vulture,” a speculator profiteering from misery, mayhem, corruption and civil war.
Apparently, the Republican Presidential front-runner [Romney] would prefer his sugar-daddies be known as “job creators,” not predators.”

http://towncriernews.blogspot.com/2017/10/who-is-paul-singer-its-not-about-russia.html


13 posted on 10/30/2017 3:36:45 PM PDT by AuntB (Trump is our Ben Franklin - Brilliant, Boisterous, Brave and ALL AMERICAN!)
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