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URL:  http://boards.fool.com/no-i-dont-remember-details-other-than-it-was-a-30192615.aspx

Subject:  Re: update Date:  8/8/2012  10:03 AM
Author:  PSUEngineer Number:  305707 of 308782

No, I don't remember details other than it was a shipload of cars, on the Great Lakes (though I think it was Michigan) and close enough to shore to make salvage a reasonable proposition. And my father (who told me the story) and his co-worker (who was the guy who sold the cars without releasing the details) have both been dead for a number of years.

Every time a hurricane strikes the US, there is a warning in the news around here about the possibility of water-damaged cars being sold.
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