Bryant Ruiz Switzky, Nation of Change
Submitted by: Editor
Debt Buyers Cashing In On Old Debt
[excerpt] The huge profit potential has attracted the attention of some of Wall Street’s best-known moneymen, whose private equity firms and hedge funds back many of the largest debt buyers.
This is a fascinating article and another look into how the uber wealthy maintain their virtual stranglehold on the middle class. We are most certainly not suggesting that ordinary Americans are exempt from responsibility, but the fact that people are incapable of living within their means shouldn't result in excessive gains by the rich.
The cycle of profiteering from the misery of others never ends.
We highly recommend you read the article.