While not unprecedented, the request from the trustee, Irving H. Picard, is far from routine, and it illustrates how much Mr. Picard's burdens have expanded beyond a trustee's traditional tasks of identifying assets and selling them to satisfy claims.
She turned over her 401k, most likely she will lose her pension and has worked with authorities on identifying assets for sale (horses, farms, truces, $2 million RV, jewelry, homes, etc).
A lease must include an identified asset and be under Stanford's control.
Later in that meeting, Mr. Bernanke said the Fed was ill-equipped to try to identify asset bubbles, much less prick them.
Bubble watcher: Neither Mr. Bernanke nor his predecessor, Alan Greenspan, believed that the Federal Reserve could identify asset price bubbles or do much about them, especially with interest rates ("a blunt tool" for that purpose, as Mr. Bernanke said).
More than just being an additional control variable, the wealth index's main purpose is to identify asset poor households, as these are most likely to lack any other insurance coverage.
"We would identify assets, negotiate a purchase, lease it out, develop it from soup to nuts and sell it".
The Swiss government says it has identified assets worth 70m Swiss francs (£50m) linked to Gbagbo which were blocked in January.
At the same time, Italian financial police identified assets belonging to the clan — with an estimated value of 20 million euros, or about $22.5 million — that could be confiscated.
The Treasury officials quietly asked the bankers to identify assets controlled by the Libyan government, Gaddafi, his family and their associates.
