[raducu]

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?

[sandworm101]

Junk bonds. Packages containing failed/failing mortgages. Unsecured medical debt.

[georgeecollins]

Good grief, can you imagine trying to sleep at night with a portfolio of unsecured medical debt? "Pay me for your cancer treatment!"

[sandworm101]

If 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]

You can do exactly this through: https://ripmedicaldebt.org

[birktj]

Could you in theory buy your own debt?

[wyldfire]

Yes. Or just negotiate it with the current holder, knowing what it goes for on the market.

[bozhark]

This would be a good NFP strategy until US gets universal healthcare

@hanklazard best me to it

[ethbr0]

The type of assets that you need to sell in the next hour, of such a magnitude that there are only a few buyers.