U.S. Authorities Probing $100 Billion of Bonds Seized in Italy

http://www.bloomberg.com/apps/news?pid=20601092&sid=afX0BWHToC1g 

HT Sean

Again!- What gives with this stuff?

And how about this shocker from the first case?

"Italian authorities seized U.S. treasuries on June 4 with a face value of more than $134 billion from two Japanese travelers attempting to cross into Switzerland. The two men later disappeared and the case is still under investigation."

I would just add that when you cross the Swiss border in northern Italy, you do not even have to stop unless you have something to declare. I stopped because there were men with machine guns there, and I didn't know any better, which only irritated them.