While those bonds are expressly non-transferable, which means they cannot be sold to the general public, the federal government can sell new bonds to the public to pay off these Social Security bonds, without exceeding the current national debt limit.
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For the history-challenged, I recommend reviewing the experience of holders of Washington (state) Public Power Supply bonds that were issued to fund a nuclear power plant.
Each time he prints (electronically creates) new euros and uses them to buy bonds, the new euros show up on the ECB balance sheet as liabilities owed to the public, while the bonds purchased are recorded as assets.
No public money, no bonds were needed to build and to sustain the museum.
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They can monitor a multitude of companies less easily than they can a government, hence their preference for sovereign bonds over public equity.
The most recent proposal, which has the approval of the central bank, suggests the bailout will be financed by the public sale of those bonds based on the future earnings of the group's toll roads.
The conservative National Action Party has been less critical, but was expected to propose, late this week, a compromise that the government might accept: turn most of the bonds into public debt, but put some of the cost of the bail-out back on to the banks.
The German finance ministry feared the commission was trying to establish a precedent for centralized European public borrowing, through EU bonds.
Since bonds without government guarantees would likely have been less attractive to outside investors, the Cardinals group circumvented the public bond markets altogether by buying the bonds themselves.
Nobody forced the banks to package them together and sell them as bonds to an unsuspecting public.
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Worse, we steer investment into the public sector via tax free government bonds.
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Buying bonds backed by the full faith and credit of a governing authority and revenue bonds backed by sewer and water are the safer than bonds for private-public projects that require a business to make money to pay back debts.
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Some recent innovations, such as tradable pollution rights and catastrophe bonds, have provided a public benefit.
Eventually, she rose to senior managing director at Bear Stearns, working in municipal finance and helping the Denver International Airport, the New York State Thruway Authority and other public entities to sell tax-exempt bonds.
The issuance of so inordinate an amount of public debt would crush the value of Japanese bonds.
Dubai will probably make timely payment on any of the bonds or sukuk that trade on public markets.
But the virtuous nature of Swiss public finances means there are not many domestic government bonds available to buy back.
These bonds tend to appeal to the general public, which also makes them aptly suited for issue by governments as a type of savings bond.
Entrepreneurs considering venture capital should realize that venture capital is the most expensive form of capital, more costly than public equity, later-stage private equity, bonds, or loans.
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"As new insured municipal bonds are issued, I expect the public finance markets will begin to thaw, freeing up much-needed capital for future projects, " Brown said Wednesday.
The cap applies to debt owed to the public (anyone who buys U.S. bonds) plus debt owed to federal government trust funds such as those for Social Security and Medicare.
There are sufficient Trust Fund bonds to make up the annual deficits and pay all benefits in full and on time for the next 25 years, and there are sufficient federal revenues to redeem the bonds without borrowing another dime from the public.
These two bold steps will make clear that the investors in risky bonds and risky banks, not the general public, will take the hit for what turned out to be bad investments.
In other words, the employees, both union and management, general and public safety, are right now paying off the pension obligation bonds.
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By last year, with the monoline insurance sector in disarray, not to mention public finance at a standstill, just 18% of municipal bonds were insured.
Fears over its sovereign bonds may have eased, but France has a public-debt stock worth nearly 90% of GDP and is vulnerable to fallout from the euro crisis.
V. say it often enough and loud enough then the public will suddenly decide to make that big asset allocation shift from bonds to stocks.
In addition, we're working toward creating an expanded list of non-financial factors which need to be taken into account by public pension funds and other investment portfolio managers before purchasing international stocks and bonds.
The Bank of England describes its actions in monetary terms: by expanding the amount of money in the hands of the public, some people will shift to riskier assets such as stocks and bonds, raising wealth and spurring investment.
Andy Busch, global currency and public policy strategist at BMO Capital Markets, said Draghi will either start buying bonds, which will lift markets, or he will wait for an official bailout request, which will cause market prices to fall.
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