Covered in inches of dark shiny sludge is a rich stew: a bicycle, an Ultraman stuffed toy, a fire extinguisher, a bank book.
Readers may recall that this special FDIC power to manage the failure of a financial giant, called "Orderly Liquidation Authority" in Dodd-Frank, was promoted by its backers as a way to rain fire and brimstone upon a failing bank and its creditors.
Merrill Lynch found a rescuer in Bank of America, which is buying it at a fire-sale price.
Fed Chairman Ben Bernanke drew heavy fire after the central bank announced a second round of quantitative easing on November 2, with many outspoken critics accusing his policies of ineffective.
If you are using a charcoal or wood fire, bank it to one side of your grill and keep the fire as low as possible, starting with just enough fuel to get heat, about 15 briquettes or the equivalent in hardwood charcoal.
The central bank's governor, Syahril Sabirin, has just been sentenced to three years over the 1999 Bank Bali scandal, but is still refusing to resign, hiding behind a law that makes it virtually impossible to fire the central-bank chief.
In yet another case, the central bank's governor, Syahril Sabirin, has just been sentenced to three years over a scandal in 1999 at Bank Bali, but is still refusing to resign, hiding behind a law that makes it virtually impossible to fire any head of the central bank.
If a bank robber begins shooting at the police while making a getaway, the police are fully authorized to fire back with intent to kill.
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Earlier this month a West Bank mosque was vandalized and partially set on fire.
The parent company of the Clydesdale bank has said it will not engage in a "desperate fire sale" of its UK businesses.
Five years ago this week, Bear Stearns was sold to JPMorgan Chase at a fire-sale price, after the overnight financing keeping the investment bank afloat dried up.
FORBES: A Look Back At Bear Stearns, Five Years After Its Shotgun Marriage To JPMorgan
Rather than acknowledge this and reverse course in favor of the very franc strength that would serve as a magnet for economy-boosting investment, the Swiss National Bank is harshly pouring gasoline on the franc-devaluing fire.
FORBES: Swiss National Bank Cruelly Puts a Bull's Eye On Switzerland's Economy
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