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(24,689 posts)

11. Why would an investor want to buy that?

Sun Oct 6, 2013, 04:11 PM

Oct 2013

Seems risky.

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Best solution I have seen so far to avoid default if the debt ceiling is not raised. [View all] Nye Bevan Oct 2013 OP

Yard Sale! Roland99 Oct 2013 #1

Callable, face value, zero coupon bearer bonds. A HERETIC I AM Oct 2013 #3

Read the OP again. A HERETIC I AM Oct 2013 #7

I did read it, still default IMNSHO landolfi Oct 2013 #14

The effect of this would likely be similar to an actual default. PoliticAverse Oct 2013 #4

It would send the message that the United States is a credit risk BlueCaliDem Oct 2013 #6

That message is already out there and it WON'T make Wall Street "happy". A HERETIC I AM Oct 2013 #9

THAT makes perfect sense, Benton D Struckcheon Oct 2013 #10

Why would an investor want to buy that? DCBob Oct 2013 #11

An investor would convert a sum he had now into a perpetual stream BelgianMadCow Oct 2013 #12

No it wouldn't.... A HERETIC I AM Oct 2013 #16

Any security of this type can have a call provision at the outset. n/t A HERETIC I AM Oct 2013 #18

LOL...I think we're getting above my pay grade! A HERETIC I AM Oct 2013 #20

Well, I didn't find any contemporary examples of consols, but BelgianMadCow Oct 2013 #21

Re: your last sentence: Exactly. A HERETIC I AM Oct 2013 #22