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Administrator
Currently Offline
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Posts: 4132
Join Date: Jul 2007
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Quote:
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.
Most American families bought at least one bond at the time and many never cashed them in — thanks in part to a 40-year maturity in the bonds. And those same "Series E" war bonds continued to be sold by the federal government until 1980.
More than $16 billion worth of the bonds are unclaimed, either lost or forgotten about with the death of the original purchasers.
for the entire article
http://news.yahoo.com/s/ap/20091018/ap_on_re_us/us_unclaimed_bonds
I wish I had some unclaimed bonds I could cash. I wonder if there are any laying around some abandoned building somewhere?
__________________Lucas McCain the Rifleman: A man doesn't run from a fight, Mark...but that doesn't mean you should go running *to* one, either.
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