Speaking of Booty!

No, not that booty.

http://www.msnbc.msn.com/id/18736741/?GT1=9951

Try approximately five hundred million in discovered gold coins. I've found the story of the Atocha (lost Spanish galleon...the recovery ended up killing the discover's son....but resulted in hundreds of millions of dollars) and the Central America (sunken steamer that had been carrying gold and miners from the West Coast to the East Coast) to be fascinating.

I'm sure that we will see a flurry of lawsuits over this in the coming weeks. Interestingly enough, the insurance companies who issued policies for the Central America sued to recover their gold. They lost. Why? Because they threw out their records, thereby abandoning their subrogation rights. I think they eventually settled for something like three percent of the recovered treasure.