Monday, June 22, 2009

 

The Bond Saga: It Gets More Odd

Well, just when you thought that the Bearer Bond story was finished, it gets twisted yet again.

Remember, this was the claim:

“They’re clearly fakes,” said Stephen Meyerhardt, a spokesman for the U.S. Bureau of the Public Debt in Washington.

Uh, Bloomberg..... how about an accurate quote?

"Based on the photograph we've seen online, they are clearly fake. And not even good fakes," said Stephen Meyerhardt, a spokesman for the Treasury's Bureau of the Public Debt.

Online? You mean that the Treasury Department hasn't been sent a high-resolution digital photo of what was seized? A week after the fact?

I don't believe you Stephen.

In the last two years, Italian authorities have seized some $800 million of U.S. bonds in the Como area in northern Italy.

Those would be real bonds, I assume? But I thought Stephen said....

Market-Ticker: The Bond Saga: It Gets More Odd

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