Talk radio: A fountain of misinformation

Monday, February 14th, 2005
Categorized as: Stinker bonds

My brother-in-law just walked in and said that the following is all over the radio: If you own Savings Bonds, the state is taking the money away from you. What is he talking about? I checked several news web sites and couldn’t find anything about a U.S. Savings Bond issue. Do you have any idea what he is referring to?

Tom’s response

I’m stunned how this topic is playing out on talk radio. I think the good guys are the state attorney generals who are suing the Treasury.

They want Savings Bonds that have stopped earning interest but have never been redeemed turned over to state unclaimed property departments so that the owners can be identified.

If you have any idea why so many people are against this, please leave a comment…

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FDIC Insured Certificates of Deposit can pay 1 or 2% more than savings bonds when held for a similar length of time. See top CD Rates Below:

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June 1, 2010

After six years, over 400 posts, 3,680 real comments, and over 90,000 spam comments (thank you, Akismet, for making managing a blog with comments possible), I am closing public comments on I will contine to update the main articles on this site, but not the comments.

Virtually every question about Savings Bonds has been asked and answered on this site multiple times. Use the search feature (see the box in the gray area near the top of this page) or the detailed menu on the lower part of the home page to find the information you're looking for. If you have a copy of Savings Bond Advisor, you can ask me a question here.

Tom Adams

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