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Re: Occupy Wall Street campaigners buy-up debt to abolish it

By: capt_nemo in ROUND | Recommend this post (0)
Sun, 11 Nov 12 9:18 AM | 107 view(s)
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Msg. 44902 of 45651
(This msg. is a reply to 44894 by meme)

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Re: Occupy Wall Street campaigners buy-up debt to abolish it
By: meme
in ROUND
Sat, 10 Nov 12 7:50 PM
Msg. 44894 of 45651

well stupid idea

banks hold debt worth 0 and hae to spend extra money to try to collect. so its worth less 0 maybe.

organizer pays the bank money for something worth less tan 0 so bank makes profit over book value ows is hleping the banks this way and impoverishing their donors / destorying their capital unless they can somebhow get the debtor to pay when bank couldnt

and teh debtor who now owes 0 can go pout and borrow more to make banks more moeney?

stuipid idea

much better to use that money to hand out pamphlets calling for bankers and politicians to go to jail and educate people about corruptions

thats what ilike to do


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