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You wanna be a holder of State backed bonds?

Posted by No Problem on November 03, 2011 at 10:52:27:

In Reply to: I wanna be a Bond Holder posted by mac 1 on November 02, 2011 at 16:48:02:

You can get your hands on State backed bonds at your local Post Office or click on the link below.

Unfortunately when the State (via a Fianna Fáil government) decided to underwrite and guarantee the banks, any debts they had became sovereign debt making the state liable for them.

Of course like any other State debt we can choose not to pay it but that would be a red flag to lenders - inability to pay is one thing but refusal to pay is something else.

Oh and I can sell you a van full of Greek state bonds for a bargain price if you're looking for a few, cannot guarantee that you'll get a return on them as good as the Anglo ones but they are state backed so they should be safe enough ;-)

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