An odd little story this – or perhaps an absolutely massive one – that’s been largely overlooked.

We picked it up from the blog Cryptogon, via OptionARMageddon.
In the Italian/Swiss border town of Chiasso last week- on Thursday the 4th, to be precise – Italian police stopped two Japanese men and searched their luggage. In a false bottom of one of the cases they found this:

That’s 249 US Treasury bond certificates – undeclared – with a value of $500m each.  As well as, according to a report from the Italian police, 10 Kennedy bonds at $1bn a pop. In total, $134.5bn of Treasury securities.The story was reported by the Italian news agency Adnkronos, and appears here on the website of the Guardia di Finanza, the Italian customs police.

This entry was posted by Sam Jones on Friday, June 12th, 2009 at 11:58 and is filed under Capital markets, People. Tagged with chiasso, Kennedy bonds, Treasuries, US Treasuries. Edit this entry.