General Discussion

There is no stock. The company is now private.
I'm of 2 minds on this.
Just like when banks sell off mortgages, they generate liquidity by selling to people that think that debt is safe, low yield paper. That's how the community bank of which I was a board member did it.
In the case of banks with enough liquidity to have a higher risk tolerance, therefore higher returns, the sell-off is to increase cash flow for those better investments.
Unless they're selling at a discount to just unload, I'm not seeing a good reason why they would sell or why anybody would buy up the debt if there was increasing risk of default.
I guess I'm questioning whether that debt sale is a problem or just cash flow juggling.