Re:Debt Collectors Are Transforming the Business of State Co...
by sokoloff on Thursday May 07, 2020 @08:01PM
(#23109824)
The existence of a secondary market for debt affects the price of primary issuance of debt (in a way that benefits borrowers).
Your argument could be applied equally to say that anyone who buys a share of stock in the open market (not during an IPO or secondary offering) hasn't actually made an investment in the company because the company didn't get those exact dollars.
Your argument could be applied equally to say that anyone who buys a share of stock in the open market (not during an IPO or secondary offering) hasn't actually made an investment in the company because the company didn't get those exact dollars.