some commentators are starting to link the story to reports in US press dating back to 30 March.
On that date the US Treasury Department announced that it had about US$ 134.5 billion left in its financial-rescue fund, the Troubled Asset Relief Program (TARP), whose purpose is to purchase assets and equity to buttress companies in trouble. The existence of such means that the Obama administration may not have to go to Congress for additional funds, something which is especially important since many lawmakers have vowed to oppose any requests for more money.
At the same time, Japanís Kyodo news agency has reported that the resignation of Japanís Interior Minister Kunio Hatoyama might also be related to the Ponte Chiasso affair. Officially the minister quit as a result of a row over who should head the state-owned Japan Post, but some sources have suggested that such a scenario is not very plausible since Mr Hatoyama was Prime Minister Taro Asoís main ally in his rise to the prime ministerís office, and is especially unconvincing since the ruling coalition government has to face elections in just two weeks time. Indeed there are many reasons to connect the Ponte Chiasso incident to the ministerís resignation.
This is a conspiracy of epic proportions. Now it's just a matter of what Italy, Japan and the United States are going to do about it. Assuming the bonds are real, Italy is holding 1% of our GDP. More than enough to pull them out of their recession.