Why pay $1.00 for your debt when you can pay 80c ?

User Forum Topic
Submitted by HLS on May 17, 2008 - 2:06pm

http://www.cfo.com/article.cfm/10919219/...

Apparently is the first case of a company repurchasing its bank debt for less than face value,

‹ FDIC Chairman On the Great Credit Squeeze: How it Happened, How to Prevent Another; JUST REPORTED WAMU cuts/suspends $6 BILLION in HELOCS ›