cba sells debt for 56c in the dollar, page-5

"One could well ask why were not CER/CNP offered the chance to pay down debt at the rate it was sold to the hedge funds or even a small margin on top in the first place?"

I agree..surely the bank might have got 1 cent extra by offering it to CNP in the first place!!...like, were they thinking CNP wouldn't be interested... that CNP would nt like to pay back only 56% of any its loans???

If the bank fgoes and sells my mortgage for 56% of its value, then I am buying it... no matter what I ahve to do get my hands on ownership of the loan.

ts