Ok, you buy the debt..what do you pay for it...original price or discounted

Raven

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Tue Sep-23-08 06:58 PM
Original message

Ok, you buy the debt..what do you pay for it...original price or discounted

price? What do you do with it once you've bought it? Hold it for a better day? Try to work it out? Write it off? How much debt is there and what kind of debt is it? Who is holding this debt and what is their capacity to stay with it and what are their contacts with the federal government? Is Blackwater going to swoop in and service the debt that the governemnt takes on? How about other Wall Street losers? Do we have any of the answers to these questions?

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curious one

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Tue Sep-23-08 07:33 PM
Response to Original message

1. Of course original price.

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BuyingThyme

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Tue Sep-23-08 07:34 PM
Response to Original message

2. I'm all for that Blackwater thing.

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rucky

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Tue Sep-23-08 07:39 PM
Response to Original message

3. The only thing backing the money they create is the debt. n/t

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