Hedge Funds Feast on Venezuela's Sanctioned Carcass
The Financial Times highlights hedge funds 'hunting' for Venezuela's unpaid financial claims, painting a picture of plucky investors navigating a complex landscape. What this narrative conveniently sidesteps is the role of the U.S. and E.U. sanctions regime—over 150 bilateral sanctions imposed since 2017—that paralyzed Venezuela's economy and blocked its access to international financial markets
in the first place. These 'unpaid claims' are often debts that Venezuela was prevented from servicing by the very powers whose financial institutions now seek to profit. It's not just 'bad governance'; it's a direct consequence of a foreign policy strategy that impoverished a nation, then watched as predatory wealth managers moved in. How's that for free markets?