The U.S. Supreme Court has rejected Argentina's appeal of a lower court ruling in favor of predatory hedge funds that buy sovereign debt for pennies on the dollar and then seek repayment at full value. JubileeUSA, which had urged the court to rule against the vulture funds, has the story and their response here. This is very bad news and gives the lie to those who claim "rule of law" is sufficient regulation of markets.
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In This Issue
- Napa Institute gathers US church's well-heeled and high-ranking devout
- Vatican asks for wide input on 2015 synod, not based on doctrine
- Letter calls on Vatican to investigate Milwaukee bankruptcy
- Special Section: Theology
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