dockingtrade
Registered User
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Who controlls the PO deposits, saving certs, bonds and prize bonds? It doesnt give out loans so it must be one of the most solvent and liquid institutions in europe or is that cash controlled by the govt.
In the case of a default by the govt would the post office cash be at risk?
Its never mentioned as a source of funding for the govt. what does the saving certs and term bond cash get used for exactly ? If its to finance the the country why is it not mentioned as a source of funding ie pension reserve x amount, finance rised through sovereign bonds y amount
In the case of a default by the govt would the post office cash be at risk?
Its never mentioned as a source of funding for the govt. what does the saving certs and term bond cash get used for exactly ? If its to finance the the country why is it not mentioned as a source of funding ie pension reserve x amount, finance rised through sovereign bonds y amount