Skip to content




Counterfeit Treasuries

I found the following story highly entertaining.  It is one thing to counterfeit money, but it is quite another to counterfeit treasury securities without abandon:

A Georgia man is facing mortgage fraud charges after allegedly printing up $1.6 billion in bogus U.S. Treasury bonds and trying to buy a house, officials said…sheriff’s investigators were tipped off Feb. 1 by a lawyer that Norris intended to buy a house using a registered promissory note supposedly certified by U.S. Treasury Secretary Timothy Geithner

The certification by Timmy Geithner takes the cake.  Who is going to write up a story about Bernanke and the rest of the posse creating money out of thin air via the sale of treasury paper?  I think this Georgian has the right idea…

Read the full story here.

Be Sociable, Share!

Posted in Media.

Tagged with , , .


0 Responses

Stay in touch with the conversation, subscribe to the RSS feed for comments on this post.



Some HTML is OK

or, reply to this post via trackback.



Get Adobe Flash player
Copyright © 2009-2013 SurlyTrader DISCLAIMER The commentary on this blog is not meant to be taken as an investment advice. The author is not a registered investment adviser. There is no substitute for your own due diligence. Please be aware that investing is inherently a risky business and if you chose to follow any of the advice on this site, then you are accepting the risks associated with that investment. The Author may have also taken positions in the stocks or investments that are being discussed and the author may change his position at any time without warning.

Yellow Pages for USA and Canada SurlyTrader - Blogged

ypblogs.com