The British banking concern Barclays hopes to sell the unit, valued at around $5 billion, by Tuesday in order to pay for government insurance that would cover its portfolio of toxic assets, the story said.
Given the fire-sale pressure on Barclays, Hellman might be expected to press for a bargain. With the world financial system in ruins, Hellman's been in full-on vulture capitalist mode, bidding recently for an asset management unit of collapsed financial services firm Lehman Brothers.
If his iShares bid turns up clover, Hellman, a bluegrass musician on the side, might create a twist on the legend associated with Roman emperor Nero, who reputedly fiddled while the city burned. In Hellman's case, the world financial system has burned so that our local impresario-king might bankroll a three-day round of fiddling.
00:36 -- ARSON: 100 block of 6th street. Victim is seated in a parked vehicle when victim sees suspect (BM 60) approach holding a "box on fire." Suspect throws lit box under victim's vehicle and runs away. Vehicle ignites and victim exits, runs away and calls 911. No injuries and arrests.
Huzzah! Romance returns again, once more as in the days of old/For a slideshow of the peculiar plaque dedication, click here.
Disdaining banks or chu chu train, a robber stops a stage for gold/
Trouble for the terrible tempered triggerman terminated:
Hurrah! Such news is great immense!
But softly, what is this I am told?
This robber robbed me for thirty cents?