The hedge fund vultures have outdone themselves, the first example are the pukes who are buying shares in the in the 1983 Marine Corpse bombing in Beirut:

Iran is still a pariah in the international community, but one hedge fund thinks it will eventually pay $1.8 billion as ordered by a U.S. court.

RD Legal Capital hopes to raise up to $100 million to buy the rights to payments from families of the 241 U.S. Marines killed in a terrorist attack in Lebanon in 1983. A federal court in 2007 found Iran liable for the truck-bomb attack, which led to the withdrawal of U.S. troops from war-torn Lebanon.

Iran, of course, is not on the best of terms with the U.S., and the two countries do not have diplomatic relations. Still, Iran’s central bank is appealing the $1.8 billion verdict against it.

Victims’ families agreed to allow RD to buy stakes in the judgment. The firm will not buy out any of the beneficiaries, instead investing only in pieces of each of the 151 claims. The Iran fund is RD’s first ever focused on a single case, The Wall Street Journal reports.

And then there are the vulture funds who are buying into the abject misery and death that the banksters (and the Germans) have caused in Greece and Portugal:

Yield-hungry investors are flocking back to Greek and Portuguese markets, shunned by international buyers for four years, as the outlook for the bailed-out countries improves and alternatives look more expensive or increasingly risky.

Portuguese and Greek shares and bonds have been the best performers in Europe in 2014, and funds invested in them are making a killing, Thomson Reuters data shows.

Investors say they are driven by economic improvement, which provides fresh impetus to an initial bounce triggered by the European Central Bank’s pledge in 2012 to save the euro.

Potential investment alternatives are also less tempting. Tensions between the West and Russia and global growth concerns cloud the outlook for similar-yielding emerging markets, while a 1-1/2 year rally has shrunk returns elsewhere in euro zone debt.

“It’s not so much an interest-rate-driven rally but much more a structural shift and a perception that the euro crisis is behind us,” said Franz Wenzel, chief strategist at AXA Investment Managers, which manages assets worth about 550 billion euros ($760 billion).

After nearly crashing out of the euro zone in 2012, Greece’s recession is easing, while the Portuguese economy is already rebounding. Lisbon is due to exit its international bailout in about two months.

As much as Timothy Geithner might disagree, there has to be well defined limits to what is a legal financial speculative instrument.

These people are F%$#ing ghouls.