> You can see from their reported figures that their U.S. treasury holdings are far too low for a sensible national portfolio. It's a pretty glaring hole, and y

> You can see from their reported figures that their U.S. treasury holdings are far too low for a sensible national portfolio. It's a pretty glaring hole, and you know that the money is going somewhere off the balance sheets. Figures were published by US. ;) Alternatively, you can also consider that US is playing hardball and letting SA know that there is a 'cap' on the threatened liquiditation event.