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This stuff is all out of my wheel house but I was reading a story about this one "expert" talking about how it is a great time to be buying senior debt (I guess it has top priority if a company goes bankrupt?).

I'm guessing those type of investments are not available to "normal" investors?

It was a story on yahoo, and I detest the current state of yahoo (non-stop videos/audios and other security concerns IMO) so I won't link it here.

Marc Lasry is the guy running the hedge fund. He claims it is similar to 2008. I assume he means in the debt world since the stock market certainly isn't like 2008.

Feel free to google for it if it interests you.
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