Friday, February 23, 2007

Greed

Find out how much God has given you and from it take what you need; the remainder is needed by others. - Saint Augustine


I heard this story on Marketplace yesterday. The short summary is:

  • Zambia is an incredibly poor African nation
  • Zambia has had a large portion of its national debt written off, to help make poverty history
  • Prior to being written off, an American financier bought a portion of the debt for $3 million
  • He is now suing Zambia for $55 million - the full face value of the debt
  • If successful, this would drain away any benifit Zambia would have received from debt relief.

This just boggles my mind. Buy from the rich, sue the poor.

God help us.

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