Quote (xstakemx @ Fri - Nov 9 2012 - 13:25:13)
Quote (blind_chief @ Fri - Nov 9 2012 - 16:21:26)
Quote (xstakemx @ Fri - Nov 9 2012 - 13:16:04)
whoops, wrong toilet
they all look the same to me
tee hee hee
this is in no way political. its just an awesome idea by people to help people?
Joe,
I honest to christ love that you are a humanitarian and kind hearted person. Excuse me for being cynical and thinking that there is something phishy about this.
there is something phishy. its:
A: there is no way to identify what debt is being relieved
B: the debt being relieved has sunk to the very bottom of the debt pool, and wont make much of an impact at all. though, if it were to actually succeed, like $1 million spent to offset $30 million of debt, maybe the value of debt rises a bit, thus strengthening people balance sheets better.
C: it puts money in rich peoples hands, and people who have debt that has fallen this far may have other debt and no impact will be had
with that said i just love the idea of buying debt to erase it. its a great idea that should be investigated, and maybe it will highlight some generosity in our overtly negative world.