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+--- Thread: Isn't This Sweet! Ha ha haha! Nice Storm to Have (/thread-7863.html)
Isn't This Sweet! Ha ha haha! Nice Storm to Have - mapoui - 11-19-2012
[size=0.9em]8:32[/size][color=rgb(136, 0, 136)][size=1.2em]Billions in bearer bonds could be lost due to Hurricane Sandy: sources[/size][/color]
- [li][color=rgb(136, 0, 136)]It’s the biggest mystery on Wall Street.
Hurricane Sandy floodwaters inundated a 10,000-square-foot underground vault downtown, soaking 1.3 million bond and stock certificates — including bearer bonds that function like cash — and putting them in danger of turning to mush.
A contractor working for the vault owner, the Depository Trust and Clearing Corp., is feverishly working to restore the paper.
But the value of the threatened notes under 55 Water St. remains unknown to all but the innermost circle of Wall Street bankers.
One source said $70 billion in bearer bonds were in jeopardy.
[size=1.45em]I did not realize that these were bearer bonds. That means that someone could have walked off with a fortune and blamed Sandy for the loss![/size][/color][/li]
Re: Isn't This Sweet! Ha ha haha! Nice Storm to Have - mapoui - 11-19-2012
wow! deh must have backed-up a tractor trailer..leaving the door open fuh Sandy on their way out :cheesy: :cheesy: :cheesy:
Re: Isn't This Sweet! Ha ha haha! Nice Storm to Have - darren777 - 11-19-2012
Very very unfortunate. We are just really beginning to see all the damage that Sandy has caused, there are cases like these that will be popping up more and more as time progresses, I truly feel for all those that lost life in the storm, I pray for those who are just now beginning to recover.
Re: Isn't This Sweet! Ha ha haha! Nice Storm to Have - mapoui - 11-19-2012
you ought to more concerned, even active, about those who profit from disaster... authority that did not prepare properly to protect the people for whom they hold sworn responsibility...and neglect those same people in the aftermath for profit as well....as well as not caring at all how many die, for the less people in poverty and destitution they have to deal with the better for the political mis-leadership and financial class
that is what I see in the whole picture, especially in New York, starting with a human monster there called Bloomberg