Sunday, June 21, 2009

The $134.5 Billion Mystery Chap 2

Karl Denninger says: This is stuff out of a Tom Clancy novel, and the longer it goes on and the more twisted the "explanations", the less sense it makes. I find it incomprehensible that the Italian government released these two if they were actually caught in a massive counterfeiting operation with $134 billion in fake US Securities.

I find it equally incomprehensible that there was not an immediate indictment out of a US Prosecutor coming from such an event and a demand for extradition back to the United States. And further, I find it equally incomprehensible that if the securities are in fact real, and Treasury is lying, that Italy would not impose the fine.

Only the latter scenario, however, covers what apparently has happened - the two "couriers", whoever they are, have been released and, according to some accounts, they took the allegedly "fake" instruments with them, and there has been no US indictment issued for counterfeiting the instruments. Uh, can we have some truth here folks, because none of what is being reported adds up and my BS detector is ringing off the hook.