Hedge Funds
It may not seem to matter whether a sovereign debt crisis is resolved quickly or not, but in fact delays in resolution are bad for almost everyone involved. They worsen the situation of the country in distress, and dim prospects for creditors to recover their investments. The small group of notorious Wall Street vulture funds have seized on these national crises to create extraordinary business opportunities for themselves. Over the past twenty years, these companies have raked in billions by undercutting orderly operation of the world’s financial markets. Notorious vulture funds have seized on national crises to create extraordinary business opportunities...

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