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CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-17-09 11:53 PM
Original message
Wow, what a coincidence!
Edited on Wed Jun-17-09 11:54 PM by CoffeeCat
Remember the article about the two Japanese men who were held in Italy recently, because they were trying to smuggle $134.5 billion worth of U.S. bonds into Switzerland?

Well, it just so happens that in late March, the Wall Street Journal reported that 81 percent of the TARP money had been spent. Anyone care to guess how much TARP money was reported to be left? If you guessed $134.5 billion you'd be correct.

Link to original article about the smuggled $134.5 billion in US bonds:
http://www.asianews.it/index.php?l=en&art=15456&size=A

Link to WSJ article about $134.5 billion remaining in TARP funds.
http://online.wsj.com/article/SB123828522318566241.html
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-17-09 11:55 PM
Response to Original message
1. Well well, the Yakuza is now up to some strange bidness
yes I am willing to bet the carriers ARE Yakuza.
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madeline_con Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-17-09 11:58 PM
Response to Original message
2. My, my....
"... the Obama administration may not have to go to Congress to request additional funds..."

Do they have to go to Italy?
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leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-17-09 11:59 PM
Response to Original message
3. Bizarre
Thanks for those links
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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 12:01 AM
Response to Original message
4. Here's another for ya
http://www.reuters.com/article/usDollarRpt/idUSLC82498920090613

The G8 financial ministers met in Italy for their regularly-scheduled meeting just afterwards.
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chollybocker Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 12:06 AM
Response to Original message
5. Remember all that up-roar a few months ago
about all the money-laundering through Swiss bank accounts? The up-roar lasted almost a day. Then...nothingness...
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CoffeeCat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 12:09 AM
Response to Reply #5
6. Anything meaningful...
...lasts about a day. Then, it slips into the ether.

Those who are destroying our world count on our short attention spans.
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hootinholler Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 07:04 AM
Response to Reply #6
15. It's not our atention span that hides the news.
The MSM has a very noisy signal.

-Hoot
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glitch Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 11:17 AM
Response to Reply #6
17. Meanwhile we get to read about Letterman/Palins for weeks.
If it points away from the looting our attention can be held.
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-20-09 02:46 PM
Response to Reply #17
19. Maybe Someone can get Letterman on this subject - and fast
Edited on Sat Jun-20-09 02:55 PM by truedelphi
He sure got the public aware of the "douche bagginess" factor held by McCain during the election season.

It would be nice for him to hit this hard and make people aware.
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RandomThoughts Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 12:11 AM
Response to Original message
7. Why am I not surprised.
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=5864980&mesg_id=5865008

That's easy to fix, Geitner, or the Fed, just has to step up and show the 134.5 Billion left in Tarp. Since if it is not the same money, the US still has it.

If that reporting is accurate, that 'coincidence' requires a complete accounting of Tarp with prison sentences for anyone involved in that, and anyone that did anything similar.

The 'coincidence' if the numbers are right, require that action. And MSM not covering it makes them a co-conspirator.

http://www.nypost.com/seven/03312009/business/banks_may_need_legal_help_accounting_for_162101.htm
Another story from March 31 mentioning the 134.5 Billion amount.

I will say this, if it turns out this is all just theft, the whole house needs to be brought down to the foundation, while the doors are locked from the outside. (and I am not speaking of a nation or country, but a system)

Sometimes a new paint job works, some times new wallboard is needed, but sometimes the entire house is rotten.
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earth mom Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 01:40 AM
Response to Original message
8. K & R! nt
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tuvor Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 01:53 AM
Response to Original message
9. Guess the closest price without going over and you win!
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Dont_Bogart_the_Pretzel Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 03:21 AM
Response to Reply #9
10. off topic, I'm glad you choose Price of Righ with Bob in it...
It't just not the same watching it anymore with whatshisname...
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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 04:21 AM
Response to Original message
11. "it's just, um, a coincidence. Smirk." - Corporate Media
"Move along. Nothing to see here. Smirk."

- Corporate Media
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ColbertWatcher Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 05:02 AM
Response to Original message
12. Great find. k+r, n/t
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Hannah Bell Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 05:29 AM
Response to Original message
13. Another take:
http://seekingalpha.com/article/143462-strange-inconsistencies-in-the-134-5-billion-bearer-bond-mystery

Thus far, about the only piece of information that appears to be reliable as reported by various news sources regarding this huge mystery is the remarkable authenticity of the 249 seized bearer bonds in denominations of USD $500 million. If any of the other facts, as they are being reported, are remotely accurate, then the bearer bonds were likely counterfeit. Still, the interesting part of this story, at least to me, is that the smugglers seemed intent on being caught with the counterfeit bonds. This leads me back to my previous question. What possible reason would the smugglers have for wanting to be caught? One of the quickest ways to sabotage and usher in the death of a currency is to raise legitimate questions about its ability to withstand counterfeiting efforts. Prove that counterfeiting is not only possible but highly likely, and the world’s confidence in the sabotaged currency will undoubtedly plummet.

In fact, this very tactic was applied during World War II when the Nazis launched Operation Bernhard in an attempt to crash the British economy by producing, by 1945, 132 million expertly counterfeited British pounds, a figure that represented roughly 15% of all real British pounds in circulation at the time. The counterfeit pounds were produced by expert printers and engravers supervised by an SS officer named Bernhard Krueger. As well, historical evidence exists that the Allies considered launching a counter-counterfeit plan against the Nazis as well. During this time, it was also alleged that the Bank of Italy counterfeited their own money by issuing the same securities twice with identical registered numbers and codes in order. The purpose of this counterfeiting was to secretly expand monetary supply without public transparency or accountability. Perhaps then, this $134.5.billion bearer bond mystery was an attempt of a nation state to shake the world’s confidence in the position of the US dollar as the world’s reserve currency.

http://seekingalpha.com/article/143462-strange-inconsistencies-in-the-134-5-billion-bearer-bond-mystery

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glitch Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 11:19 AM
Response to Reply #13
18. Wo. Food for thought. nt
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mogster Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 06:05 AM
Response to Original message
14. All ending up in Berlusconi's lap
The Italian govt. is entitled to 40% of that money if what I've heard is correct.
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SpiralHawk Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-18-09 07:19 AM
Response to Reply #14
16. "Smirk." - Silvio & xCommander AWOL (R)
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truedelphi Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jun-20-09 02:56 PM
Response to Reply #14
20. I thought the 40% thing was if it is counterfeit
Or is there some law inside customs regs that states you cannot bring that much money aboard.
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tiny elvis Donating Member (619 posts) Send PM | Profile | Ignore Sat Jun-20-09 03:53 PM
Response to Reply #20
21. I thought it was if it is not counterfeit
What is 40% of counterfeit bonds worth?
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