Another government screwup costs you millions

CNBC is reporting that printing of the new high-tech, ultra-secure $100 bills has been halted
front_02.jpgdue to production problems.

More than one billion of the new C-notes are in storage and are unusable, according to the story, which cites “an official familiar with the situation.”

Apparently some of the new high-tech security features intended to baffle counterfeiters are the culprit.

“There is something drastically wrong here,” a source told CNBC. “The frustration level is off the charts.”

Ya’ think!

The government did something wrong and it cost taxpayers millions — what a surprise.

Read the full CNBC story: The Fed Has a $110 Billion Problem with New Benjamins