> 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?
Is this even legal? I mean, is this possibility stated in some terms and conditions that one must accept when purchasing a bond?
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.