The U.S. Treasury has no problem paying for your own personal bank

If Uncle Sam can bail out Citibank out they can bail out Denny Hardin

​Denny Hardin wrote more than $160 million in bonded promissory notes to save people’s homes when the real estate market collapsed. That sounds good until you realize that he wrote the notes on the U.S. Treasury Department’s account numbers and no bank will accept them.

Hardin, the subject of last week’s Pitch feature story (“Don’t Tread on Him“), is just the latest in a long line of guys claiming they can erase debt using a secret account — a seemingly bottomless one — that the Fed assigns you at birth. It got popular enough that in April 2009 the U.S. Treasury issued a fraud alert about “scams … directed towards banks, charities, individuals, and companies.” So why isn’t anyone being arrested for it?