Occupy buys debt
Occupy buys debt
Out of context: Reply #11
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Secondary debt market
High risk junk debt are sold from creditors (banks, credit card company, doctors office, pharmacy, medical companies, etc) to collectors. Because it is considered that it is a default with loss to creditors.
In this case, creditors (banks, credit card company, doctors office, pharmacy, medical companies, etc) lost $14,600,000 due to default. $15,000,000 worth of debt is sold as $400,000.
The debt was sold on $0.026 on the dollar.
- i.e. about what the medical costs should have been minus the corruptionZOOP
- what?2002
- The medical industrial is corrupt. Number one cause of bankruptcy. That's what.ZOOP
- You know this because?2002
- Because it's a fact?ZOOP
- Fact by you?2002
- Yes I created the modern U.S. medical infrastructure.ZOOP
- So you are corrupt?2002
- and uber wealthy!ZOOP
- well that settles it.2002
- HEADLINE ZINGER YEAH !!!!!! CORP BAD AND I WORK FOR NO CORP YEAH !!!2002
- the big picture must be stuck up you ass, because you can't see itZOOP