Bad debt

By Roberto Savio Among Bloomberg’s many profitable activities there is a convenient Bloomberg Billionaires Index, which has just published its findings for 2017. It covers only the 500 richest people, and it proudly announces that they have increased their wealth…

We know vulture funds, those that buy bad debt from bankrupt countries for pennies and then pursue them through international courts to recover the full amount making obscene profits and damaging any possibility of economic recovery for the countries in…