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- Sep 15, 2008
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Moneynews - Suitcase Bonds are Clear Fakes, says Treasury
Countdown to Terral claiming this is a Treasury Dept. coverup...5...4...3...A Treasury spokesman says the $134 billion in bearer bonds seized by Italian authorities at the Swiss border are "clearly fakes."
"Based on the photos we've seen on the Web, they're not even close to looking like a Treasury security," Stephen Meyerhardt, a spokesman for Treasury's Bureau of Public Debt, said Thursday.
The U.S. issues its securities these days via an electronic format. It ceased printing paper bonds in the 1980s.