It's very simple: A "social bond" is an IOU issued in return for bond-buyers giving government even more of their money. The only difference is that not every bond-buyer gets their money back.
That appears to be the point of a "social bond."
So it's like a raffle ticket, but with a "government commissioner" goosing the draw.
The Key Government's first social bond has collapsed, with negotiations breaking down and the provider walking away…
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1 comment:
Entering into financial arrangements with gov't, such as with bonds, is like getting involved with some unknown outfit from Nigeria. Can only end in tears.
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