2 ms·
Couldn't the treasury very literally decide not to pay bond coupon or not return capital? Isn't that why the US treasury has long been considered the safest of
by cosmicgadget 5mo ago
Couldn't the treasury very literally decide not to pay bond coupon or not return capital? Isn't that why the US treasury has long been considered the safest of investments?
Or is this some terminology lawyering that default is a legal term that doesn't apply to a sovereign?