The Underside Of Debt Reselling

The reselling of consumer debt has become a basic feature of the U.S. economy. It promotes liquidity and is an engine of employment and profit for a significant niche in the financial and legal industries. But it has also engendered major problems, most famously a few years ago when the packaging and sale of mortgage debt claimed an untold number of victims and nearly brought down the world economy. A less pervasive but equally problematic excess in debt-reselling is the subject of an investigative piece about a practice that has become routine in the nation’s capital.