Franklin Templton has all the makings of a «financial vulture».
Until now the sum paid by it for 20% of Ukraine’s national debt remains to be a commercial secret. The vultures purchase the securities with low, almost junk, ratings at low prices to demand full payment from issuer afterwards.
Argentina is a good example of vultures’ destructive activities.
The country made a deal on restructuring with 95-97% of debt holders but the rest happened to be in the hands of financial vultures that spoiled it all by demanding full payment. The vultures (two US investment funds) started court proceedings to make Argentina default. The country may be mercilessly pillaged in case it complies with the ultimatums of vultures and the ruling of US court.
The story is a warning to Ukraine which has sold its securities to Franklin Templton. According to a recent Bloomberg report, the investment fund acts under US jurisdiction and is controlled by Rothschilds, the family known for its death grip....<<<Read More>>>...
