I can hear it now:
Issuer: I have $100 Million of AAA SDOs primarily based in Cali and Florida. I’m looking for 83 cents on the dollar.
Investor: I made my money in Toxic Waste Disposal, I love this new venture. How’s 11 cents sound?
ding round 2
Issuer: I have $100 Million of AAA SDOs primarily based in Cali and Florida. I’m looking for 73 cents on the dollar.
Investor 2: I made my money in Meat By-products, I love being a white knight. How’s 13 cents sound?
ding round 3
Issuer: I have $100 Million of AAA SDOs primarily based in Cali and Florida. I need to dump this ho, will you give me 63 cents?
Investor 3: Funny you should mention pimping, I’m from Vegas…