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I dunno. Looking back, it sounds like an insurance fraud scheme. To start with I check Wikipedia for the mainstream story. The first thing we find is that the ship’s owner is none other than the Northwestern Mutual Life Insurance Co. Huh?

They admit on Wikipedia that this is the first instance of an American life insurance company investing in the construction of a Great Lakes freighter. The ship was named after
the company’s president and chairman of the board.

Now you might say, What about the 29 crewmen who went down with the ship? With some digging, you find a lot of scrubbed relatives. Some seem just made up. Many photos are of people in military uniforms. Military? Who's running this operation?

And then, there are the several dive teams, all of which have different explanations for why the ship sank. Who has the means to dive down 500 feet to the bottom of the biggest, coldest lake in the world, besides the military? So anyway, the supposed relatives have successfully lobbied the Canadian government to ban any and all future dives to the site of the wreckage at the bottom of the lake. That is very convenient. If no one can go to the bottom and look, then no one will be able to see that it isn’t there.

And to end this, there is an almost exact looking ship named the the Arthur M. Anderson, supposedly built the same year as the Edmund Fitzgerald sank. There was only one ship to start with, so the entire con job was done on paper. The ship left port as the Edmund Fitzgerald and arrived at port as the Arthur M. Anderson. No ship sank, nobody died, and Gordon Lightfoot made a lot of money.

When I heard the song I didn't know it was true, sounded to horrible and sad to have actually happened.

My back yard...I've been to the site many times