Word: bondses
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Search the attic! Check behind the wallpaper! Lucky scavengers may discover a small fortune in Russian bonds issued during World War I by the government of Czar Nicholas II. For 70 years, the IOUs have scarcely been worth the ornate paper they were printed on. Reason: a year after shooting...
The repayment negotiations are being closely watched by officials in New Hampshire, which owns $10,000 in Russian bonds dating back to the 1820s. With interest they could be worth $300,000 today.
The Fed is on its way to giving banks an invitation to shoot craps with the taxpayer's money." So said Michigan Democrat John Dingell, chairman of the House Energy and Commerce Committee, with a touch of hyperbole. The object of his barb: a Fed ruling last week that will...
If the economy does stagnate or lose ground this year or next, it might have a relatively hard time getting moving again because of the heavy baggage of debt. Corporate borrowing, including the junk bonds that are used for leveraged buyouts, has zoomed from $965 billion in 1982 to nearly...
Foreign ownership of American farms, companies, banks and bonds has almost doubled since 1981 and now approaches $1.5 trillion. A lower dollar will eventually increase American exports--but will it be America any longer?