The People's Bailout.

Created by Conmused on Nov. 9, 2012, 5:37 p.m.
  • @Rallier: from what I understand about the process, you buy the debt in bundles. So you don't really get hand-pick anything. Which is what makes the debt so cheap. It's kind of like a booster pack for a collectible card game, except instead of a foil card, it's the likelihood of repayment.

  • Okay, I'm intrigued. I'm going to need more information than they're providing before I'm giving them anything though.

  • @Bane: totally fair. It's weirdly vague.

  • This sounds very interesting, but I definitely want more info.

    Good on Occupy for starting something that will have tangible, real-life effects though.

  • Occupy Wall Street, the same phenomenon that was rife with college graduates that couldn't find jobs because they majored in liberal arts and philosophy? The same people that wanted food stamps to feed their cats?

    Whatever, if they can help the nation's debt crisis more power to them. But I wouldn't trust these guys with my money though.