Sandy May Have Ruined Billions in Bearer Bonds

Wall Street could lose $70B, source says

By Neal Colgrass,  Newser Staff

Posted Nov 18, 2012 2:02 PM CST

(Newser) – Add this to Superstorm Sandy's damages: billions of dollars in soaked bearer bonds that may never be recovered, the New York Post reports. The storm surge flooded a huge underground vault in New York, sousing 1.3 million bond and stock certificates with water,...   Read full story »

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