This looks like debt peonage in spirit, if not letterhttp://www.nytimes.com/2015/12/23/business/dealbook/sued-over-old-debt-and-blocked-from-suing-back.html …
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Replying to @vgr
'[FTC], which examined 5,000 portfolios of debt purchased by the nation’s largest debt buyers, found that only 12 % included documentation"
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Replying to @vgr
Sometimes it seems like people should have to pass a licensing test on compound interest and basic contract law or be restricted to layaway
2 replies 2 retweets 3 likes
Replying to @_sunilrawat
@_sunilrawat that's self-policing. If you're not Elon Musk, you won't have a stash for the purpose from PayPal and nobody will invest/lend
9:36 AM - 22 Dec 2015
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