(no subject)

[ineffabelle]

The Saga Of The Bearer Bonds

"You're not going to walk into a bank with $130 billion in bearer bonds and cash them.  Nor are you going to sell a bond with a $500 million face value to someone without them authenticating it.  They will be authenticated before you get one dime out of them - no matter who you think you're going to "give" them to. "

Comments

[lassiter.livejournal.com]

The story certainly is conspicuous in its absence. Whether real or fake, I would think there is a story here, but even the mainstream US business press hasn't covered it much at all.

[ineffabelle]

Well the fact that some people walked out of Italy with a suitcase full of "bearer bonds" is not even in question.
The only thing in question is the validity of the bonds.