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Are Safe Deposit Boxes actually "safe"?

This is almost unbelievable. Could this happen at an American bank too? Has it ever happened?


One man's treasure is another man's trash. Never has the butchered saying been more true than today in Hong Kong, where the contents of more than 80 safety deposit boxes were dumped in a Kowloon scrapyard.

During a DBS Bank branch renovation, nearly 1,000 supposedly empty safe-deposit boxes were torn out and the gutted contents put out on the street before being hauled to the junkyard. The problem was that someone from the Kowloon branch forgot to make sure all the boxes were indeed empty,....
rest of story at link.

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