Why are US Savings Bonds considered so safe?
by admin ~ November 8th, 2009 . Filed under: Politics .
Keith asked:
I realize they are “backed by the full faith and credit of the United States”, but the United States is in debt up to its ears.
They seem less credit worthy than junk bonds.
Kelli Chamorro
I realize they are “backed by the full faith and credit of the United States”, but the United States is in debt up to its ears.
They seem less credit worthy than junk bonds.
Kelli Chamorro
November 11th, 2009 at 2:45 am
We’d better hope people and governments keep buying that “full faith and credit” BS.