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To: Jack Hammer

Could fake T-Bonds could be used as collateral for loans
from banks & credit unions? I suppose it depends on how vigilant the lending institution is.


8 posted on 02/17/2012 9:27:19 AM PST by entropy12 (Islam is intolerant of every other religion.)
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To: entropy12
Could fake T-Bonds could be used as collateral for loans from banks & credit unions? I suppose it depends on how vigilant the lending institution is.

LOL. That was actually my first thought (as implausible as it is). Maybe it depends on the willingness (or desperation) of the lending institution to take on any collateral, and look the other way. It would make sense if there is a reason to lend out huge amounts of money to otherwise bankrupt institutions...

Great conspiracy stuff, but this has to be a hoax, or some kind of bizarre, elaborate scam.
18 posted on 02/17/2012 9:55:36 AM PST by jjsheridan5
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