Transcript detail
Loading...
Public transcript context with linked callsigns, related nets, and analysis metadata.
Transcript
Public transcript text
I'm not sure how it works from debt, international debt from tariffs, but buying up debt by individuals or LLCs is quite a common thing. I mean you can buy people's mortgage debt, you can buy credit card debt, you can buy lots of debt and you can get it very, very cheap because people that are looking to offload it, they're just hoping to get back their principal. As long as they get back their principal or something close, they're relatively happy. But it's the people that have got the funds to buy up debt, man, you can get very, very rich especially if you can collect the majority of it, right? There's always negotiation of course when it comes to debt recovery because you could owe $50,000 in credit card debt and you could get it consolidated or talked down. Excuse me.
Explore