Sunday, October 18, 2009

Lawsuit Over Unclaimed World War II Bonds


Billions in unclaimed bonds date to World War II :
"HELENA, Mont. – The federal government is facing a lawsuit over billions in unclaimed bonds that date back to the patriotic fundraising efforts of World War II, leading to a showdown between states who say they should be given the money and a Treasury Department that claims ownership.
World War II sparked an unprecedented bond buying campaign, spurred on by one of the largest advertising campaigns ever seen — a drive wrapped in dutiful pleas from celebrities, politicians and cartoon characters alike."

As a kid I remember watching the re-runs of cartoons and old movie trailers pushing War Bonds. Imagine the fed trying to appeal to America's Patriotism today to fund a war, fat chance. Now they just print the money, it's interest free don't cha noe.

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