This is amazing to me. That debt and money goes through so many channels that it just gets...lost, unless you spend the time untangling everything. At least now I better understand how money laundering works. Has there been a debt audit recently in the United States? I would love to see what that looks like and how the politicians would spin the results of one. P.S. How was Andrew Bird?A stunning finding of the report is that no one actually knows who holds the French debt. To finance its debt, the French state, like any other state, issues bonds, which are bought by a set of authorised banks. These banks then sell the bonds on the global financial markets. Who owns these titles is one of the world's best kept secrets. The state pays interests to the holders, so technically it could know who owns them. Yet a legally organised ignorance forbids the disclosure of the identity of the bond holders.
P.S. -Andrew was great. It was one of (perhaps the) first shows with his band "Hands of Glory" and you could tell they were working out some kinks. That to me was the best part though, I love seeing musicians figure things out together on stage, being human, making mistakes and then jumping back in to a song as if nothing occurred. -There were a few of those moments but it made it all the better. Andrew is a real talent and is an artist I wouldn't miss if I were you. His playing is amazing, his tone on the violin and his perfect pitch whistling are impossible to describe, they must be seen/heard live. Good stuff.
Wasn't the main point of that sentence that even though the state could find out who owns the titles, they are forbidden from disclosing it? THAT'S the fucked up part.