Bulk notes
excuse me if it's here and I missed it but I can't find much on bulk notes. What constitutes a bulk note purchase for unperforming paper - a few million or a few hundred million? How are the funds that buy these doing it? As all things bank, I'm sure there is a well worn path, just curious what that path is. Seems like the big guys have almost exclusive access to the premium notes. I'd love to see how and figure out if there is a way to horn in on that.