4 ms·
> unilaterally converting some already sold bonds to '100 year bonds' Is this even legal? I mean, is this possibility stated in some terms and conditions that
by N19PEDL2 2mo ago
> unilaterally converting some already sold bonds to '100 year bonds'
Is this even legal? I mean, is this possibility stated in some terms and conditions that one must accept when purchasing a bond?
- eigenspace 2mo agoI doubt it's 'legal' per-se, but I also doubt the legal troubles would be the biggest obstacle to doing it as it'd cause an insane meltdown in the bond market. I double checked and it wasn't actually Bessent who suggested it but Miran. This was back when he was a bigger figure, probably played a role in his sidelining.