States Suing US Treasury for $16B in WWII Bonds Video

This could get really interesting. Several U.S. States are suing the Treasury for $16B in unclaimed WW II bonds. Montana Attorney General Steve Bullock discusses on CNBC. Of course Treasury doesn't want to pay. States rights and US Constitution are at issue.

Copyright MSNBC 2009

savings bonds unclaimed property securities Federal government Squawk on the street

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5starrater1: just shows the level of deperation.

qminusis: What a loss with this inflation ...

CTOL1: Expect more Ambulance chasing in the future... In times like this where budgets are being trimmed and hours cut we are going to see attempted blood out of turnip. Sadly I have to smile at all of this in false pleasure as I sit here in my 9th month of unemployment. Odd that now the tills are only filled with newly generated money folks seem to be going after it? I keep saying "You can only spend your money once and it is gone forever" "Watch the penny's the dollars take care of themselves"

fal2grace: yes, I read yesterday that Alabama's in bad shape... states will now try to get all the money they can from Fed.

fal2grace: yes it is. thank you for commenting.

fal2grace: wise words...

MengersDisciple: qminusis - Watch this to see the inflation effect on these war bonds: watch?v=kRq6NZQvFLM

MengersDisciple: I will believe that the states are looking out for the best interest of their citizens once I am done gagging in horror over this piece of old, but relevant news: "States Fund Budgets With Contents Of Safety Deposit Boxes" watch?v=UdB2YiymmUc

esgatch: States rights or the U.S. Constitution mean nothing to the Federal Reserve bank. The U.S. Treasury ceased to be constitutional when it abandoned the gold standard. The state governors are just grandstanding. Their attorneys know it's only a dog and pony show for the american people. It would be the same thing as the state governors filing a lawsuit against the U.S. Supreme Court demanding to overturn Roe v. Wade. Wake up, America! Your legal system is playing you for a fool...