Wednesday, June 17, 2009

Confiscated U.S. Bearer Bonds "Clearly Fakes" Says U.S. Spokesman

I can't lie, I'm a little disappointed.

Also, what in the hell were these numnuts thinking? Did they think someone would simply accept bearer bonds with face values of half a billion dollars without at least trying to verify them?

From Bloomberg:
U.S. government bonds found in the false bottom of a suitcase carried by two Japanese travelers attempting to cross into Switzerland are fake, a Treasury spokesman said.
"They're clearly fakes," said Stephen Meyerhardt, a spokesman for the U.S. Bureau of the Public Debt in Washington. "That's beyond the fact that the face value is far beyond what's out there."
Italy's financial police last week said they asked the U.S. Securities and Exchange Commission to authenticate the seized bonds, with a face value of more than $134 billion. Colonel Rodolfo Mecarelli of the Guardia di Finanza in Como, Italy, said they were probably forgeries.
Had the notes been genuine, the pair would have been the U.S. government's fourth-biggest creditor, ahead of the U.K. with $128 billion of U.S. debt and just behind Russia, which is owed $138 billion.