Posted on 11/04/2012 7:09:13 PM PST by DeaconBenjamin
All of this is George W. Bush’s fault. I’m looking forward to 2013 when the time comes we can stop blaming poor George for everything.
After 9/11, who in their right mind would store important things in NYC?
Water Street, as Alanis said: isn’t it ironic, don’t you think?
36.5 trillion in paper left in an underground vault in the path of a super storm. What could possibly go wrong? Think anybody will get fired, or just promoted?
UnderWaterStreet
Wall Street “Paper” lives in more than one place. Don’t be ridiculous.
About what? All i said was it was pretty stupid to leave it there to get wet. I never said anything about it not being backed up, in fact the article says it is backed up.
(hope the computers are not under water in the next room).
Where do I go to get my IPO shares of Microsoft reissued?
If they’re printed with decent paper & ink they can be restored.
Well, the NY Fed ‘s gold lives in exactly one place. How’s that vault doing?
So it gets wet. It is still in other locations. You made it sound like all was lost. That’s all.
If trillions in fiat currency vanished.....
... might that help the economy in some way?
LOL
sorry just thinking aloud
Gold can survive under water for hundreds or even thousands of years.
Lot’s of treasure was lost during 9-11. No disputing that.
The original thread was based on certificates. Let’s keep to the topic at hand.
Maybe Sandy Burglar was there first. He’s been handy before.
River Street, Water Street, Ocean View Drive! What were they thinking?
So if I hold stock in book form at the brokerage house then the certificate is stored in the vaults of this firm?
. . . at 55 Water Street “sustained significant water damage”
You know, my old aunt used to say the most outrageous things. Ticked off so many people. I would visit her when my siblings would say you go see her on your own time.
She was born in 1908, was married to a guy who owned a seat on the stock exchange.
She read the business section.
Used to say there was something “radically wrong” with the traders today (she died jyust a few years ago), that they wee out for themselves and she couldn’t talk to them at a party - too uneducated, knew only numbers and nothing about life and they were corrupt.
she would say, “New York City is in for a very bad Hurrycaine; one that hadn’t happened yet, that it would be very destructive to NYC.
This one hit about 100 mi south. It WAS husge, though. They say the size of Europe.
She would not have stored her important papers there.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.