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National Bank of Canada foreclosing Americans’ homes over credit card debt
The National Bank of Canada is attempting to foreclose upon hundreds of American families’ homes in California over old credit card debts, according to a published report. Bay Citizen reporter Rick Jurgens writes that the bank’s debt collection unit, Credigy Receivables, began filing foreclosure lawsuits recently that take advantage of…
I Will Not Marry Your Poor Gay Nachos
After determining that the actual national debt is essentially infinite, Kevin D. Williamson over at the Corner starts talking about private debt, and how fuck you for having it: There’s about $1 trillion in U.S. credit-card debt out there, much of it securitized. The charge-off rate (the portion of defaulted…
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