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Old 05-21-2007, 02:22 PM
DespotInExile DespotInExile is offline
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Join Date: Jul 2005
Posts: 788
Default Re: Explain \"buying debt\"

This is obviously a reference to buying Kmart bonds that are trading in the market at 20 cents on the dollar. This is clearly not a reference to trade debt, as somebody suggested, since that stuff doesnt trade easily.
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