5 ms·

Isn't it shocking that people dare ask for their money back? Surely, this is some kind of scam. /s

• usrusr 9y ago
  The interesting bit is that the debt buyers are making money from some advantage they seem to have in enforcing repayment relative to the original lenders. Under proper rule of law, the original lenders would have exactly the same chance of getting money back as Goldman, eliminating all need to sell the debt at a massive discount.
  • jevgeni 9y ago
    There is nothing illegal in this, if that's what you are suggesting. There are different reasons why somebody might decide to sell debt at a discount. One reason, for example, is that bankruptcy proceedings, especially international ones are super messy and expensive. If you are not dealing with these things on a regular basis, it might be better to book a small loss now and get and immediate cash flow instead of waiting for decades.
  • deleted 9y ago
    [deleted]