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Genuinely curios, what type of assets can only be liquidated 33 cents on the dollar? And what is the likelyhood Melvin had such a significant proportion of the
by raducu 6y ago
Genuinely curios, what type of assets can only be liquidated 33 cents on the dollar?
And what is the likelyhood Melvin had such a significant proportion of their portfolio in such assets?
- ethbr0 6y agoThe type of assets that you need to sell in the next hour, of such a magnitude that there are only a few buyers.
- sandworm101 6y agoJunk bonds. Packages containing failed/failing mortgages. Unsecured medical debt.
- georgeecollins 6y agoGood grief, can you imagine trying to sleep at night with a portfolio of unsecured medical debt? "Pay me for your cancer treatment!"
- sandworm101 6y agoIf you want to feel good, buy it for pennies and then forgive it. 100$ to you can be several thousand to someone owing the debt.
- hanklazard 6y agoYou can do exactly this through: https://ripmedicaldebt.org https://ripmedicaldebt.org
- bozhark 6y agoThis would be a good NFP strategy until US gets universal healthcare @hanklazard best me to it
- birktj 6y agoCould you in theory buy your own debt?
- wyldfire 6y agoYes. Or just negotiate it with the current holder, knowing what it goes for on the market.