US treasury faces bonds lawsuit
The US treasury issued the ‘war’ bonds – which have a 40-year maturity period – until 1980
The US federal government is facing a lawsuit over $16bn in unclaimed bonds going back as far as World War II, with six states arguing that the US treasury department should pay them out.
Thousands of families bought at least one bond from the federal government during the US campaign against the Axis powers between 1941 and 1945, in order to support the war effort.
Many of those bonds, which were sold after a public campaign saying the money would aid the war effort, were never cashed – due, in part, to them having a 40-year maturity period.
{"id":328,"date":"2009-10-19T21:36:27","date_gmt":"2009-10-20T02:36:27","guid":{"rendered":"http:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/?p=328"},"modified":"2009-10-19T21:36:27","modified_gmt":"2009-10-20T02:36:27","slug":"us-treasury-faces-bonds-lawsuit","status":"publish","type":"post","link":"https:\/\/www.cashunclaimed.com\/unclaimed-property-blog\/uncategorized\/us-treasury-faces-bonds-lawsuit","title":{"rendered":"US treasury faces bonds lawsuit"},"content":{"rendered":"\n\n\t<\/p>
US treasury faces bonds lawsuit<\/p>\n\n\t
<\/p>
The US treasury issued the ‘war’ bonds – which have a 40-year maturity period – until 1980<\/p>\n\n\t
<\/p>
The US federal government is facing a lawsuit over $16bn in unclaimed bonds<\/a> going back as far as World War II, with six states arguing that the US treasury department should pay them out.<\/p>\n\n\t <\/p> Thousands of families bought at least one bond from the federal government during the US campaign against the Axis powers between 1941 and 1945, in order to support the war effort.<\/p>\n\n\t <\/p> Many of those bonds, which were sold after a public campaign saying the money would aid the war effort, were never cashed – due, in part, to them having a 40-year maturity period.<\/p>\n\n