It seems that there are in fact two bills--sort of a legislative Scylla and Charybdis--calling for the creation of a Federal CIO.

FORBES: Reprieve For A Dying Species

In such a situation, you must make the safest choice: neither the Scylla of nationalization nor the Charybdis of a keep-your-fingers-crossed free market ideology.

FORBES: Moral Hazard: The TARP Debate Is Not Finally About Numbers

The group also has long-term plans to sink two warships near Ringstead Bay as an artificial diving reef, similar to the one off Whitsand Bay in Plymouth where HMS Scylla was sunk in 2004.

BBC: Barge with Portland stone

The report argued that, with a referendum on Scottish independence looming, Labour was caught "between the Scylla of the failure of its English regionalist project and the Charybdis of its dependency on its block of Scottish and Welsh MPs".

BBC: British or English �C a false choice?

Sadly it is impossible to prove whether her contention is correct: as I've mentioned before, depending on the time of day, investors and creditors seem by turns more frightened by the Scylla of unsustainable debt and then petrified by the Charybdis of possible recession.

BBC: Growth vs debt reduction

Navigating between the Scylla of Sony and the Charybdis of Microsoft and accused of relying too heavily on its stable of retro-friendly character franchises, Nintendo built upon its maverick strategy success with the Nintendo DS to buck the trend of the graphics wars.

ENGADGET: Switched On: The 2006 Switchies -- Home Products