![Meanwhile in … New York, a charity is buying up outsize debt to forgive it]( "Meanwhile in … New York, a charity is buying up outsize debt to forgive it")
In New York, a charity is buying up outsize debt to forgive it. Bills for hospital stays can be expensive, and loan companies may charge high interest rates. Ownership of those debts can be bought and sold for cents on the dollar, turning the loans, and their future returns, into speculative investments for traders.
from Yahoo News - Latest News & Headlines https://yhoo.it/2Gpon80
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