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2 Japanese carrying $134 bil worth of U.S. bonds detained in Italy
Japan Today ^
| Thursday 11th June, 06:18 AM JST
| JapanToday
Posted on 06/10/2009 10:45:08 PM PDT by Xenophon450
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To: Big_Monkey
As they say, this is hugh, I'm series.
61
posted on
06/10/2009 11:17:40 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: Big_Monkey
As they say, this is hugh, I'm series. Yep, and I was in the shower!
62
posted on
06/10/2009 11:18:18 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: April Lexington
A few months back I checked and Japan owned just over $500 billion in US securities and China about the same for a total of just over a trillion. To say this is the largest seizure of it’s kind is an understatement.
63
posted on
06/10/2009 11:18:24 PM PDT
by
SpaceBar
To: Xenophon450
Holy cow! 134 billion?? Columbian bonds?
To: Xenophon450
i dont understand, how you could carry $130 billion bond. Aren’t bonds like piece of paper that tells you have much they’re worth. Kinda like shares. They’re worthless on its on
65
posted on
06/10/2009 11:20:16 PM PDT
by
4rcane
To: SpaceBar
If bonds are collapsing, why sneak them into Switzerland? Unless Swiss banks can help you sell them. But how? Sovereigns have access to the same trading desks and networks. No practical reason to sneak them into Switzerland. Unless you are looting from a hedge fund...
66
posted on
06/10/2009 11:20:32 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: April Lexington
"Wait... this could be a hedge fund manager ripping off its investors and doing a Madoff with the dough. Its possible. Crazy but possible. " Seriously, my curiosity meter is pegged. Stupid Today Show will probably be talking about Jessica Simpson's nose hairs. I'll have to wait until somebody with a brain strolls into CNBC in the morning to find out. It's going to kill me.
To: WKUHilltopper
Maybe they are really Zimbabwe bonds but the Italian guys got it mixed up because they read Schiff???
68
posted on
06/10/2009 11:21:26 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: Big_Monkey
Actually, I’d kind of like to hear about Jessica Simpson’s nose hairs!!!
69
posted on
06/10/2009 11:22:09 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: Xenophon450
70
posted on
06/10/2009 11:22:42 PM PDT
by
roses of sharon
(We must get a grip on what we can, and hold on. Hold on with energy, imagination, and ferocity)
To: djf
We are in serious, deep doo. Seriously deep. Isn't there a big Treasury bond auction tomorrow that is widely expected to be a fiasco? I wonder if someone was thinking of trying to start a panic by dumping these bonds on the market the same day.
An act of economic warfare may have been averted.
71
posted on
06/10/2009 11:23:12 PM PDT
by
ccmay
(Too much Law; not enough Order.)
To: SpaceBar
To say this is the largest seizure of its kind is an understatement. If Italy confiscates this much dough, whomever owns the bonds is broke tomorrow morning. Which government collapses?
72
posted on
06/10/2009 11:23:40 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: April Lexington
LOL...maybe! I think the ChiComs or Japanese are (or were—now that the covers blown!) trying to quietly get out of US bonds. I would be.
To: cookcounty
Oh, thats right, it wont get that bad until Obamas second term. I think you meant his second year.
74
posted on
06/10/2009 11:24:01 PM PDT
by
Pontiac
(Your message here.)
To: April Lexington
Fox News is still headlining the Palin/Letterman flap on their website so I guess this isn’t really that important.
75
posted on
06/10/2009 11:24:24 PM PDT
by
SpaceBar
To: April Lexington
Yeah but Zim has just issued a 100 Trillion dollar banknote making 134 billion seem very small in comparison.
76
posted on
06/10/2009 11:25:46 PM PDT
by
xp38
To: ccmay
An act of economic warfare may have been averted. But, why sneak them into Switzerland. Bonds go there to hide, not lose value. I seriously doubt Switzerland will allow someone to create global panic after the tax issue and the Swiss banks issues. No. I think a huge hedge fund manager just Madoff (sp?) with some loot. Or, this whole story is wrong.
77
posted on
06/10/2009 11:25:47 PM PDT
by
April Lexington
(Study the constitution so you know what they are taking away!)
To: April Lexington
Maybe it's TARP money! /s (I think)
The list of possible suspects can't be that big. A drug cartel money is one that comes to mind. Maybe oil wealth fleeing the Middle East for safer places? It's a real head scratcher.
78
posted on
06/10/2009 11:29:00 PM PDT
by
Ken H
To: April Lexington
That could be construed as an act of war.
To: April Lexington
I think we can be assured that some US officials are on a redeye flight as we speak.
80
posted on
06/10/2009 11:30:17 PM PDT
by
SpaceBar
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