[jedi150]

Yakuza maybe?????????????????

[null and void]

A billion here, a billion there...

[Publius6961]

Notice, by the way, that the US Media has totally ignored this story - even though the securities in question are allegedly US instruments.

Well, there is plenty of reason to panic. Even the US government (the US taxpayer) has a limit to its ability to spend indiscriminately.

Having a party-crasher into the "stimulus spending" orgy right now is a tad inconvenient, even if legitimate... cerainly if counterfeit.

Just saying.

[keving]

Madoff, Nadler, Obama, TARP. Where are the journalists?

[Shermy]

http://www.agenziadogane.it/wps/wcm/connect/resources/file/ebc2ab0abd8b8ed/cre-s-20090604-78836_chiasso.pdf?MOD=AJPERES

Here’s the Italian police notice, with some small pics.

[Larry381]

If these are real they almost have to have been covertly dumped by some nation and again, assuming they’re real, what would be the purpose?

[narses]

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Obama Says A Baby Is A Punishment

Obama: “If they make a mistake, I don’t want them punished with a baby.”

[Ken H]

There are very few entities in the world who could gather that much loot together, and try to smuggle it across a border. One of my prime suspects would be a drug cartel.

It's a real head scratcher, that's for sure. Here is the original FR thread with a lot of good speculation:

2 Japanese carrying $134 bil worth of U.S. bonds detained in Italy

[Neidermeyer]

They’re mine , I apologize I should have known to pay the taxes ... you can keep 40% of the face value and return the rest ,, I promise to use a real accountant and ditch TurboTax next year ,, really I do...

[sharkhawk]

They're fake the largest government bearer bonds are in $1,000,000.00 denominations. http://www.crimes-of-persuasion.com/Crimes/InPerson/MajorPerson/t-bills.htm. Most Treasury bonds are book entry and don't have a physical bond to back them up. The days of little old ladies clipping coupons and taking them to the bank are long over.

I actually had 7 of these come across my desk a few years ago, people want to use them for collateral on loans. My guess is these Japanese gentleman were actually North Koreans, and they were trying to deposit them in Kim's swiss accounts. It's amazing how many bankers will fall for such an obvious scam.