The team at V Capital has been buying debt from banks, the FDIC, and other institutional holders of notes for huge discounts since the Savings and Loans crisis and the days of the RTC. With the downturn in the economy over the last 3 years, V Capital's team has participated in the purchase of over $1.4 Billion in loans for a fraction of that price. Banks do not typically sell their notes to borrowers, but rather use FDIC-approved clearing houses to sell loans that have defaulted due to maturity or monetary issues. These clearing houses sell the loans exclusively to their list of approved buyers like V Capital. It is amazing the discounts that can be realized through this process.