Sunday, November 25, 2007
Predatory Nation, Chapter 8: Zombie Debts
Like a voodoo priest, some enterprising souls here in the decaying Empire have figured out a way to raise deceased debts, long buried in the grave of bankruptcy, and market them to firms who specialize in "junk debt." The big lenders are involved (surprise), refusing to report discharged debts to the credit bureaus. It isn't necessary to delve far into the details of this little practice to observe that it fits nicely with Chaos' recent theme of the predatory nation that the Empire is becoming.