capitalism

Out of context: Reply #136

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• JSK0

  Selling debt allows you to borrow. Your credit card debt and credit is sold and bought. Business loans and debts also work the same.

  Most banks do not hold their debt. It is sold to their investors who buy debt it make money on interest charged on them. Banks service the debt and make even more on service charges.

  It is tangible because it translate to your house, car, stuff you bought. The issue is ability to pay back the debt.

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  • You missed the other hal;f of my post about then leveraging that into too risky of situations, but whatever.DrBombay
  • Oh I am sorry but whateverJSK
  • It is responses like that that make my visits here less frequent.DrBombay
  • remember when you actually had to prove you were worthy of paying back the credit?bliznutty

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