Originally Posted by orangello
Stock certificates can be reprinted. What's important is the records of ownership on computer.
This is pulled from another forum:
It is the custody certificates..."in sealed envelopes".
Think about that for a second. Now, all of the bad securities created by the banks can be...perfected. "we had those assignements and documents, but they were destroyed by an act of God..." Derivative contracts. MBS. all of the criminal and treasonous paperwork was just washed clean.
Its like WTC 7, when the SEC "lost" all of the files and records related to fraud cases against thousands of companies like Tyco and Enron.
Its a get out of jail free card for the bankers.
It is a fix for missing paperwork.