Old old news and multiple posts
“the holders could face a fine of 40 percent of their value”
nice work if you can get it
What’s new is the fact that Rooters finally mentioned it after all this time.
not a bad little bonus for italy if the bonds are real.
40% of $134b == $54b
this alone would be 3% of their GDP (normally $1.8 trillion)
"In the last two years, $800 million of U.S. bonds have been seized in the Como area."
I'm surprised that hasn't made news before this. $800 million in bonds isn't an insignificant number.
And, there's nothing like adding a little scale to put things in perspective...
"Despite the potentially huge scale of the seizure, the amount remains small compared to the $2 trillion worth of new debt the U.S. Treasury is expected to issue in the fiscal year to Sept 20"
The US owes other people countries an unfathomable amount of money, considering $134 billion is being characterized as "rather small".
Sheesh. You'd think the US Treasury would have been there within 24hours.
“Clearly fakes” indicates I am watching a Peter sellers movie. I don’t buy it. Illegitimate maybe...