The Vultures Victory

I ate snails, vultures, rabbits, snakes, and anything that had life.

For wherever the carcass is, there is where the vultures gather together.

For wherever the carcass is, there is where the vultures gather together.

But that's due to natural predators like vultures that pick them off on a beach or predatory fish that are waiting offshore.

They, answering, asked him, Where, Lord? He said to them, Where the body is, there will the vultures also be gathered together.

They, answering, asked him, Where, Lord? He said to them, Where the body is, there will the vultures also be gathered together.

There shall the great owl make her nest, and lay, and hatch, and gather under her shadow there shall the vultures also be gathered, every one with her mate.

There shall the great owl make her nest, and lay, and hatch, and gather under her shadow there shall the vultures also be gathered, every one with her mate.

The vultures showed no scruples in profiting at the expense of Argentine taxpayers. They are now deploying the same strategy against the Democratic Republic of the Congo, one of the world s poorest countries.

O my prison mates! As for one of you, he will serve wine to his master, and as for the other, he will be crucified and vultures will eat from his head. The matter about which you inquire has been decided.

O my prison mates! As for one of you, he will serve wine to his master, and as for the other, he will be crucified and vultures will eat from his head. The matter about which you inquire has been decided.

Griesa s ruling threatened to hold the Bank of New York Mellon, the Argentine government s agent, in contempt if it paid other bondholders without also paying the vultures. Effectively barred from servicing its debt on the renegotiated terms, Argentina had little choice but to default again.

as persons having pure faith in Allah, not ascribing partners to Him. Whoever ascribes partners to Allah is as though he had fallen from a height, then his corpse is devoured by vultures, or his remains are blown away by the wind far and wide.

as persons having pure faith in Allah, not ascribing partners to Him. Whoever ascribes partners to Allah is as though he had fallen from a height, then his corpse is devoured by vultures, or his remains are blown away by the wind far and wide.

But this still allowed the vultures to block the process by buying up a third of a particular bond issue. By contrast, purchasing a third of a country s entire debt stock, as required for a blocking position when all bondholders vote together, is an altogether more costly proposition.

Their litigation strategy took advantage of a standard contractual clause (called pari passu) intended to ensure that all claimants are treated equally. Incredibly, the US Court of Appeals for the Second Circuit in New York decided that this meant that if Argentina paid in full what it owed those who had accepted debt restructuring, it had to pay in full what it owed to the vultures.