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I'm Boycotting Chinese Goods As Much As Possible
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<blockquote data-quote="Buffet Master" data-source="post: 5243964" data-attributes="member: 86736"><p>My understanding of buying up bad debt(and I'm not saying that I'm correct) is that you are leveraging the debt to now be backed by someone/thing(business, gov't entity, wealthy individual) and that eases the risk factor of becoming involved with said company. The backer isn't concerned about loss in the short term. It's a shoehorn to get into a business and slowly take control of what is valuable within it. Contracts, charters, things of that nature.</p></blockquote><p></p>
[QUOTE="Buffet Master, post: 5243964, member: 86736"] My understanding of buying up bad debt(and I'm not saying that I'm correct) is that you are leveraging the debt to now be backed by someone/thing(business, gov't entity, wealthy individual) and that eases the risk factor of becoming involved with said company. The backer isn't concerned about loss in the short term. It's a shoehorn to get into a business and slowly take control of what is valuable within it. Contracts, charters, things of that nature. [/QUOTE]
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