
News
Treasury predicted SCF's failure early on
Friday 15th of April 2011
In a report dated March 8, Treasury estimated "it is probable that SCF will default under the existing Crown Guarantee in or around June 2010."
It was then estimating such a default would cost the government nearly $700 million, including interest.
The report was among about 200 government documents relating to SCF released today.
In an update dated May 18, John Park, the g...
Want to read the full article?
Click the button below to subscribe and will have unlimited access to full article and all other articles on the site.
Latest News
3 min read
2 min read
3 min read
3 min read
3 min read
Latest Comments