It seems that a number of international funds have been buying up the old devalued debts of a number of countries and then suing them in court for their full price. Here is an example.
Here’s an even more interesting story. The Democratic Republic of Congo is another African country that had a number of its debts canceled last year. Soon afterward Paul Singer, the head of Elliott Associates, bought up old, worthless bonds owed by
There’s no way of knowing exactly why President Bush has remained eerily quiet on helping out
You can do something to help out debt-stricken