Debt Trial of the Century

Written on: March 18, 2014

top_jubileeusaThe Grey Nuns of the Sacred Heart have signed the amicus brief filed by Jubilee USA in support of Argentina. The hope is that this will also protect other poor, debt ridden countries from predatory activity by “Vulture” Hedge funds.

As many of you know, Jubilee USA has been actively involved in what the Financial Times has called “The Debt Trial of the Century.  The case is pending now before the US Supreme Court, and the outcome has enormous implications for global poverty.  The high court will set a precedent  that either greatly encourages or discourages predatory, speculative financial behavior that harms those living in poverty around the world.  At stake is nothing less than 15 years of bipartisan debt relief victories – victories that those in the  faith community have worked hard to win, together.

Jubilee USA will file an amicus brief in this case that raises the religious community’s profound concern about the impact that the court’s decision will have on the global poor.  In so doing, they will be joined by faith communities and national religious organizations around the country, including the Grey Nuns of the Sacred Heart.

 This is a critical moment in the struggle to end global poverty.  Thank you for walking with us and for raising your voice. Please visit the Jubilee USA website to learn more.

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