Did you hear the one about the two guys who were busted by Italian police while trying to cross into Switzerland "with a fake-bottomed suitcase containing $134.5 billion worth of US Treasury bonds"? It is kind of crazy! Thank God I don't know enough about finance to be aware of how disturbing this might actually be!
I'm sorry, but for the rest of the day I'll be humming "Fake Bottomed Girls, You Make the Bond Market go 'round."
Alarming! Best case scenario: the bonds are North Korean fakes on their way to gullible buyers to raise cash for Kim Jong Il's farewell bash.
The bonds were stuffed into the suitcase by their great-grandmother decades and decades ago to repair tiny tears in the fabric.
Clusterstock has done a good job with this if anyone is interested. It's a weird sitch, in that it has been ignored by the US media and no one can seem to verify whether they are real or fakes (Italians waiting on the SEC).