Bond Smugglers Arrested in Italy
"Japan is investigating reports two of its citizens were detained in Italy after allegedly attempting to take $134 billion worth of U.S. bonds over the border into Switzerland," Bloomberg reports. Police found the bond certificates -- some 249 of them worth $500 million each -- in the bottom of luggage the two were carrying. Authorities are still trying to determine if the securities are genuine. If they are real, the pair of travelers would be the fourth largest investors in U.S. debt, just behind Russia and ahead of the UK; if they are fake, police said it would be a counterfeiting scam "on an unprecedented scale." Neither scenario is desirable. And the silence from the Treasury is deafening.
Other then the government.
Who has 500 million dollar bonds?????? - Jack
"We know we belong to the land and the land we belong to is grand"
Saturday, June 20, 2009
Bond Smugglers Arrested in Italy
Posted by Capt Jack at 7:52 AM
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