Quote:
Originally Posted by Sidd Finch
How does SSTF sell bonds on the open market? Who would buy those bonds? SSTF has no ability to raise revenue on its own, and its commitments appear to outstrip its resources.
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It would be secondary market selling of securities issued by the treasury, not SSTF bonds.
That is, the trust funds (multiple) are "invested" in special issues from the Treasury that are only available to the funds. I assume that means these issues can't be sold to the public, but that is an assumption. But the sales Cletus is referring to would be of those securities (full faith and credit and all).
