It has always bothered me – astonished me, really – that banks and such are legally able to sell MY debt.  It seems to me – at a human level – that if I owe someone – or in this case, a company – money, then I don’t owe it to anyone ELSE. 

Shouldn’t this should be a paramount notion in consumer finances?  If a corporate debtor-entity no longer wants MY debt, then it can forgive me the debt – otherwise, I will continue to pay, as agreed.  To sell my debt to another entity is – again, at the human level – absurd and truly feels criminal. 

And then I remember that nowadays so much money is “made” in exactly that way, by selling and re-selling other people’s obligations, from false-front securities entity to false-front securities entity, from here to the Cayman Islands.

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