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eShirl

(18,466 posts)
17. What part of "pennies on the dollar" do you not understand?
Sat Nov 17, 2012, 06:33 AM
Nov 2012

"Why not just hand Sally Student the money to pay off the student loan"
Are you similarly mystified as to how collection agencies are able to make a profit?

... xchrom Nov 2012 #1
kr HiPointDem Nov 2012 #2
How does that officially work? graham4anything Nov 2012 #3
"how is the money getting into the US Treasury to cut the debt? " eShirl Nov 2012 #5
if it is not, then this is a phony ploy. Is it even legal then? graham4anything Nov 2012 #6
It's best to have some knowledge of the subject sense Nov 2012 #7
There are NO stupid questions. Why not stop the snark and provide the answers graham4anything Nov 2012 #8
They're not sending money to the government. eShirl Nov 2012 #12
But where is Sally Student, who has a $7500 student loan, being told she does not have to pay? graham4anything Nov 2012 #14
What part of "pennies on the dollar" do you not understand? eShirl Nov 2012 #17
I seem to be missing something. How does this affects Joe Q. Public and Sally Student graham4anything Nov 2012 #21
Less talking, more listening. sense Nov 2012 #22
Why don't you send them any questions you have directly? eShirl Nov 2012 #25
I sent them a question to them last week when I first heard, and had an answer by the next morning. Riley18 Nov 2012 #49
+1 nt Live and Learn Nov 2012 #77
Hopefully Henry, Sally and Joe aren't as clueless UnrepentantLiberal Nov 2012 #27
It's simple. eomer Nov 2012 #30
Let's get all those immigrants from south border education funds, then they can get citizenship!!! graham4anything Nov 2012 #34
Sorry, not getting your point. eomer Nov 2012 #45
Because who decides who gets the liver that Mickey Mantle got and someone didn't? graham4anything Nov 2012 #46
OK, yes, so these Occupiers get that too, they're promoting universal jubilee at the same time. eomer Nov 2012 #48
Who gets to decide? AlexSatan Nov 2012 #103
let me try 2pooped2pop Nov 2012 #33
Did you read the article and just not understand it? Matariki Nov 2012 #86
The average reader on this site sense Nov 2012 #15
I listen to Al Sharpton and he does not talk about them, being that their goals are not interesting graham4anything Nov 2012 #36
What does this have to do with how Cal Carpenter Nov 2012 #62
Every person here who supports OWS is an Obama voter. And sabrina 1 Nov 2012 #73
You don't what you are talking about. Hissyspit Nov 2012 #97
WTF? You know what? There really are some folks in this world who are genuinely Zorra Nov 2012 #70
damn right! defacto7 Nov 2012 #108
It's buying off INDIVIDUAL debt, not the National Debt. Tigress DEM Nov 2012 #102
They are buying private debt then forgiving the amount owed a very noble gesture! UCmeNdc Nov 2012 #10
But where on the spreadsheet does it show up? How does Joe Q. Public see it in action graham4anything Nov 2012 #11
What makes you think this has anything to do with government or the National Debt? eShirl Nov 2012 #13
It sounds like a good P.R. scheme or a good acid trip with a very bad landing graham4anything Nov 2012 #18
So don't contribute. eShirl Nov 2012 #20
So you are saying, China no longer owes the US any money? or graham4anything Nov 2012 #23
Ah, silly me... sense Nov 2012 #24
What? eShirl Nov 2012 #26
Are you a troll, or just really, really stupid? Marmitist Nov 2012 #35
I am just curious (yellow)- I smell a big fraud here trying to up their soiled reputation graham4anything Nov 2012 #37
Seriously? SammyWinstonJack Nov 2012 #43
Yes. As a Jewish person who is liberal,I was very upset over the lumping banksters/Jews together graham4anything Nov 2012 #44
Wow, you seem determined to insert race and ethnicity at every possible step. eomer Nov 2012 #56
You're being ignorant on purpose, obviously. Viva_La_Revolution Nov 2012 #57
Who gives a shit what ohheckyeah Nov 2012 #106
It's both. UnrepentantLiberal Nov 2012 #64
First-ballot nominee for Dumbest Comment Ever Hall of Fame WilliamPitt Nov 2012 #55
I can be dense about trolls sometimes, but not in this case. dixiegrrrrl Nov 2012 #60
BINGO!!! dixiegrrrrl nailed it! (eom) summerschild Nov 2012 #82
You just want an echo chamber. I disagree with your view on this. graham4anything Nov 2012 #87
You have no idea what I want or do not want. dixiegrrrrl Nov 2012 #88
but I don't have to want what you want on every issue. Betcha you don't want 1 or 2 my top 10 wants graham4anything Nov 2012 #89
When a block of debt is bought from the market tama Dec 2012 #112
Yet, still you do not read. sense Nov 2012 #16
What are you talking about? tsuki Nov 2012 #31
Who decides who is given a golden jackpot? Who gets the freebees? And who doesn't? graham4anything Nov 2012 #41
This is the place in the thread I had to check for a PPR Occulus Nov 2012 #61
sorry you want an echo chamber. Bob Geldof was the same. The world wasn't fed though graham4anything Nov 2012 #67
Nice try with the whole charity frame, Occulus Nov 2012 #99
True which is why I donate now to OWS. Every penny goes to the sabrina 1 Nov 2012 #74
I had two student loans going to college. I paid it off myself, hard as it was. graham4anything Nov 2012 #90
Lol, I love the John Lennon ref. Jfyi though, loving Lennon is not sabrina 1 Nov 2012 #91
I want them to succeed. But I want them to do it longterm and the right way graham4anything Nov 2012 #92
MLK was assassinated. Modern Social Justice movements learned sabrina 1 Nov 2012 #93
They overstayed their welcome in NYC. They would have been better 2 weeks on, a month off graham4anything Nov 2012 #94
They are not anonymous, where are you getting this idea from? sabrina 1 Nov 2012 #95
OK...so in effect I can back OWS now, however- this is OWS2, a new offshoot of OWS1 graham4anything Nov 2012 #109
Great AlexSatan Nov 2012 #104
I'll try to explain it the way I understand it. LeftofObama Nov 2012 #29
Rolling Jubilee will also send the debtor a certified letter telling them their debt is absolved. djean111 Nov 2012 #32
+1 nt Live and Learn Nov 2012 #78
Why not just work for a French like system of health care? We got it moving, lets get more graham4anything Nov 2012 #39
When you are buying bundled debt you don't get to pick and choose names. Systematic Chaos Nov 2012 #53
Debt is bought and sold... ljm2002 Nov 2012 #50
It's not federal debt, but personal debt. BlueToTheBone Nov 2012 #51
It's not going to cut the national debt (government debt) Sekhmets Daughter Nov 2012 #85
You're confusing personal debt with the federal deficit. aquart Nov 2012 #101
GOOD, and, this just gets better and better. Volaris Nov 2012 #4
I can use their help. MrSlayer Nov 2012 #9
+ a zillion, trillion,million, thousand and 52cents graham4anything Nov 2012 #19
You're happy someone is in debt? Or happy that now they have sabrina 1 Nov 2012 #76
Maybe you'll get lucky and your debt will BlueToTheBone Nov 2012 #52
You mean that flash-in-the-pan, accomplishing-nothing, Le Taz Hot Nov 2012 #28
Yep. UnrepentantLiberal Nov 2012 #65
"But OWS is nothing but a bunch of self-aggrandizing...." in 1, 2 ........ marmar Nov 2012 #38
Two persons from "Rolling Jubilee" are on Up with Chris Hayes right now malaise Nov 2012 #40
I heard about this on "Market place" yesterday..... a kennedy Nov 2012 #42
I just donated to Rolling Jubilee. ananda Nov 2012 #47
Phenomenal! liberal N proud Nov 2012 #54
I love this! myrna minx Nov 2012 #58
I like this idea, but there's a problem I think. Robb Nov 2012 #59
That is the problem with buying the debt in a bundled block. JimDandy Nov 2012 #79
Why? Robb Nov 2012 #83
They probably bundle commercial and personal debt separately. bluedigger Nov 2012 #105
They're buying from the banks, not bundlers. Robb Nov 2012 #111
I wish I could sign up for that WolverineDG Nov 2012 #63
CNN/Fortune: "Occupy Wall Street: The rebels found their cause" upi402 Nov 2012 #66
I'll never forget one of the morning reporters Phentex Nov 2012 #68
Yep. That was all they had to propagandize with upi402 Nov 2012 #69
Thanks! We'll also be back out in the streets when the time comes. Zorra Nov 2012 #72
All I have for that is upi402 Nov 2012 #75
+1 nt Live and Learn Nov 2012 #80
K & R Change has come Nov 2012 #71
Great news. nt Live and Learn Nov 2012 #81
REALLY. GOOD. IDEA. I have done credit repair, a short explanation below: winstars Nov 2012 #84
Great post! Kaleva Nov 2012 #98
Thanks Kaleva, besides my job this is the one thing I have educated myself on... winstars Nov 2012 #110
[LINK]: Here is a better link... 6502 Nov 2012 #96
very wise to buy debt like a collection business does, yet forgive the debt. Sunlei Nov 2012 #100
If the debt buyers get taken down a peg as well, that is very good ck4829 Nov 2012 #107
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