Since I am, typically not one who invites controversy especially on a public forum or social media, I still do not understand the hype surrounding pedigree on a note. Honestly, I could care less who has owned a note prior to me, and really who cares if I’ve owned a note? What is the big deal?
Okay, some wealthy dude has the money to buy up all the... say large rainbow type large LT notes. Pretty impressive given the higher denominations are rare and unique. So, I get an inheritance and able to buy the $500 and $1,000 notes. Do I deserve a pedigree because I have deep pockets? If I own an old Walmart filled with collectible cars because I’m a wealthy oil billionaire do I deserve acknowledgement? I just don’t get it and personally I would reholder a note just to get rid of the pedigree. In fact, I do have some notes that need to be reholdered. What do you think about pedigree and why is it so significant or important that it needs to be on a TPG holder? Do you think it’s important?