Day August 21, 2008

Buying debt

Some collection agencies are now buying debt for 4 cents on the dollar. So, if they get 12 cents on the dollar back, they’ve tripled their money. Collection agencies generally get a fixed percentage of whatever they collect, but with…

Imagine my excitement

We recently moved to the S.F. pennisula and I just discovered we are now living 2 miles from the San Andreas fault. Yikes. (Image from the excellent interactive map at Geology.com)