Obama's TARP bailout money found

Two Japanese caught smuggling US bonds worth $134.5 billion
June 12th, 2009 by James


A truly bizarre story:
Italys financial police has seized US bonds worth US 134.5 billion from two Japanese nationals at Chiasso (40 km from Milan) on the border between Italy and Switzerland. They include 249 US Federal Reserve bonds worth US$ 500 million each, plus ten Kennedy bonds and other US government securities worth a billion dollar each.
Italian authorities have not yet determined whether they are real or fake, but if they are real the attempt to take them into Switzerland would be the largest financial smuggling operation in history; if they are fake, the matter would be even more mind-boggling because the quality of the counterfeit work is such that the fake bonds are undistinguishable from the real ones.
What caught the policemens attention were the billion dollar securities. Such a large denomination is not available in regular financial and banking markets. Only states handle such amounts of money.
The question now is who could or would counterfeit or smuggle these non-negotiable bonds.

The number $134.5 Billion is such a nice number. According to a Wall Street Journal article on March 30, 2009, there was $134.5 Billion remaining of the TARP funds. What an odd coincidence! Why would anybody counterfeit a bond with a face value of $500 million? I would look for Mr. Geitners fingerprints on the bonds.

Neither of the Japanese men were arrested and the story is being killed by the press in Italy and the US.

Category:

News & Politics

Tags:

• Obama's
• TARP
• bailout
• money
• is
• now
• in
• Italy
• 134.5
• Billion

[lelandshane]

read the side bar click more info ------------>

[panicearly]

The news commentator said 13.4, jusancho yen.

Someone correct me if im wrong, but that shoud read hyakujusan-cho yen, 134 , she is off ten fold.

[tinaisthier]

Its not true to say that this case didn't cause any attention in italy.

In reality the italian press was happily looking forward for a positive outcome on the authenticity- testing.

If the bonds are real it would give the italian state the opportunity to confiscate 40% of the value.

Beside that it was Alan Greenspan and the republican party who weakend the dollar that much with their budgetary policy and wars, costing trillions of dollars.

[ChromeClapper]

Google "Everything suggests that the American bonds seized at Chiasso are real"