On September 12th Mervyn King, Mr Dodge's counterpart at the Bank of England, also appeared sceptical of the merits of accepting a broad array of assets as collateral, unless the situation gets much worse.
Three days to see art from 136 artists representing 89 countries (plus many collateral exhibitions) results in a situation some have termed "art dump," which seems on point to me.
But banks must post collateral.
The ratings are important because if they fall, A.I.G.'s trading partners can demand collateral on their contracts — precisely the situation that led to the global crisis last fall.
"You have to worry about collateral damage to the global financial situation, free trade, and open economies," said Edwin M. Truman, a former Treasury and Federal Reserve official who worked on many international financial rescues.
In an unusual situation of bleeding from collateral circulation near the pseudocyst wall during pseudocyst drainage, the placement of an expandable metal stent proved to be useful.
When it comes to untangling bankruptcy situations, art is often collateral damage.
If the cash flow situation worsens, Mr. Chung will provide collateral valued by the company at 1.7 trillion won ($1.5 billion) raised from stakes in three affiliates: Hyundai Information and Technology, Hyundai Logistics and Hyundai Autonet.
Living situation will be collected from the collateral informant.
Secondly, there is a risk that "errors" in war situations will become normalised – just as "collateral damage" has been normalised in people's minds since the first Gulf war.
By any objective count, the number of genuinely innocent civilians killed by the Israeli air force in Gaza is lower than the collateral deaths caused by any nation in a comparable situation.
