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Biden and Wall Street will be pissed off, but you're right.
75 sats \ 0 replies \ @Cje95 8 Apr
Part of me is thinking that Wall Street is starting to accept this more and more. The only reason I think that is that they are buying up a lot of their longer-term debt now which sounds counterproductive since it is low interest but getting debt off the book incase you have to issue more optically does look better. Esp. if you think you will be good for the next few years. They have also been buying up a ton of conversion notes as well which I think is for the same reason.
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