Value Buy
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Post by Value Buy on Feb 17, 2012 13:47:38 GMT -5
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Value Buy
Senior Associate
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Post by Value Buy on Feb 17, 2012 13:50:41 GMT -5
Frome the article:
Police videos showed images of the trunks, with "Federal Reserve System, Treaty of Versailles" stamped on the side in large, golden letters.
Bond certificates marked "Chicago, Illinois, Federal Reserve Bank" and other securities, some for one billion dollars, were also shown.
U.S. bond traders took a light-hearted view of the news.
"If there's that much less supply now, Treasuries should be rallying," joked Kevin Flanagan, fixed-income strategist at Morgan Stanley.
A trader at Citigroup said he had swapped jokes with colleagues about the seizure, which would not move markets.
"It's kind of like fake inflation I guess, if you take it to the max, but I don't think it means that much."
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billisonboard
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Post by billisonboard on Feb 17, 2012 13:51:55 GMT -5
The fake securities, worth more than a third of U.S. national debt, were seized in January from a Swiss trust company where they were held in three large trunks. Go Big or Go Home  |
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Value Buy
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Post by Value Buy on Feb 17, 2012 13:53:19 GMT -5
Hmmn, Mafia connection, and using the Chicago Federal Reserve emblem.... Next up, tieing it in with the Obama Presidential Administration  |
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Deleted
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Post by Deleted on Feb 17, 2012 13:53:39 GMT -5
That was the Social Security Trust Fund!
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Value Buy
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Post by Value Buy on Feb 17, 2012 13:54:29 GMT -5
Earlier this morning Italian police announced it was 13 trillion in seized notes. I guess the vig was 60%
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Deleted
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Post by Deleted on Feb 17, 2012 13:54:53 GMT -5
LMAO
Six trillion!!!!
I wonder how many trunks they needed to hold the paper.
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Value Buy
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Post by Value Buy on Feb 17, 2012 13:58:16 GMT -5
I wonder how many trilllion the Tresury already paid out on?
Maybe the Government debt is inflated by the other 7 trillion that seems to have disappeared in six hours.....
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jkapp
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Post by jkapp on Feb 17, 2012 15:03:37 GMT -5
Well there goes Italy's bailout funds...  |
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