/ Source: The Associated Press
National Guardsmen used armored vehicles to retrieve wads of soggy cash from a flooded-out vault a few blocks from the Superdome.
Loomis, Fargo & Co., the armored car company, had been unable to reach its vault in the aftermath of Hurricane Katrina and had asked officials for help.
“It was locked up and secured, but we simply couldn’t get to it,” Loomis spokesman Mark Clark said Thursday.
Clark would no say how much money was retrieved by the National Guard unit, which entered the vault on Saturday. Coins were also retrieved.
As much as 75 percent of the cash was ruined in the floodwaters, Clark said. He said the money will be destroyed by the Federal Reserve.
