VERY IMPORTANT! Read this and let's discuss NPNs!

[Peter Lipschutz]

I just read this article about NPNs:

https://papersourceuniversity.com/the-dirty-little...

Some of you may already be familiar with this article, but it's something that has always bothered me. 

One school of thought is, as the article states, the hedge funds, private equity firms, etc. buy these notes in bulk, skim the cream off the top, and sell them to the firms "downstream". This process repeats until it reaches the private investor who gets the garbage that's left.

The other school of thought is the large firms don't bother working the notes. They split the notes into smaller groups, take a "small" percentage, and sell them.

As far as I'm concerned, this is a HUGE issue as to the viability of investing in NPNs. I would love to hear opinions on this. I think an open discussion would benefit every investor.