you’ll laugh, you’ll cry, it’ll change your life

SELLING DEBT

Others have pointed to the selling of mortgages as a cause for the housing bubble. It does seem incorrect to say that I owe Jack money, and he owes money to Fred, therefor I owe Fred. Perhaps it is time to have clearly contractual non-transferable and transferable loans in order to resolve the moral issue.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s