@ryanhammer09@oriolesprod From my understanding it just means they can’t contact the player directly. Agent is free game which is why some players do this
@chryskon@junkbondinvest Thanks for the detailed response. How does the recovery value work? I don’t understand these structures. Does that just mean the asset (the loan?) gets sold at a discount? Or they have recourse to other assets of the borrower?
@chryskon@junkbondinvest How does this work? How can there be 100% default but a 65% recovery rate and the triple A holders break-even? Genuine question on the math
@AmericanG4R@TuckerBlanc@LupusBeowulf You don’t understand what the bubble means. They are not presently on the bubble. 0-2 to finish then yes on bubble. It’s weak this year