Comment by N19PEDL2
8 hours 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?
8 hours 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?
I 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.