Occupy Wall Street activists buy $15m of Americans' personal debt
Random idea:  If a creditor is about to sell your debt to a debt collector for pennies on the dollar, what if they were forced, by law, to give you right of first refusal?For example:  I owe a credit card company $20k, but I have defaulted on the loan.  The credit card company is about to sell this debt to a collector for $1k, who will proceed to make my life miserable.  If there were such a law, the credit card company would first have to offer the debt to me for $1k.  In this scenario, I could indeed buy my own debt and we all could go on our merry way (except the debt collector).Crazy?