On Nov 9, 2012, at 9:05 AM, James Leveque <jamespl79 at gmail.com> wrote:
> http://www.lepoissonrouge.com/lpr_events/peoples-bailout/
>
> Maybe I'm too pessimistic, but this sounds a little too good to be
> true. I obviously don't know much about how debt is bought and sold,
> but Strike Debt is saying that they could buy up debt at about 5 cents
> on the dollar, which seems really low. Does anybody have any thoughts
> about how feasible this is?
It could be bought that low, if it's defaulted-on and near-worthless, but they're not going to be able to buy much.
Doug