Billions in bearer bonds could be lost due to Hurricane Sandy

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.


[link to www.nypost.com]

Last Edited by gebahie on 11/18/2012 10:20 PM