May 20, 2013

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THEY’RE BAAACK: OF BEARER BONDS, HURRICANES, AND SHADOW BANKING: PART ONE

New York Post Bearer Bond

Last Thursday night (that would be the evening of Thanksgiving, Nov 22, 2012), I did a brief News and Views from the Nefarium on the most recent chapter of the Bearer Bonds saga, you know, those mysterious bearer bonds that seem to keep cropping up at the most inopportune times, raising all sorts of inconvenient questions. First we had the Japanese Bearer Bond scandal, where two allegedly Japanese men were apprehended by the Italian Guadia di Finanza, Italy's elite financial police, at the border town of Ponte di Chiasso. They were (if you'll recall the story), aboard a commuter train into … [Read more...]

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