(2) as for those occurred in the liquidation of the enterprise, they shall be paid off in priority with the liquidating property of the enterprise after subtracting the liquidating costs.

Article 54 The Company shall make disclosure of the name of each liquidated fund, reasons for the termination of the fund contract and summary of the liquidation report contents, including the liquidation expense, the amount of the residual assets after liquidation, the balance (if any) of the residual assets after deducting the liquidation expense, and the distribution of such balance, etc.

Chapter VII Reorganization and Liquidation

Clearinghouse Over Confidence

They were those who did not expect a reckoning,

They were those who did not expect a reckoning,

Indeed they had no fear of the account.

Indeed they had no fear of the account.

They indeed hoped not for a reckoning,

They indeed hoped not for a reckoning,

Verily they were wont not to look for a reckoning.

Verily they were wont not to look for a reckoning.

For verily, they used not to look for a reckoning.

For verily, they used not to look for a reckoning.

For they were not anticipating any reckoning.

For they were not anticipating any reckoning.

For indeed they did not look forward to any reckoning,

For indeed they did not look forward to any reckoning,

For lo! they looked not for a reckoning

For lo! they looked not for a reckoning

Indeed they did not expect any reckoning,

Indeed they did not expect any reckoning,

Indeed, they did not hope for a Reckoning,

Indeed, they did not hope for a Reckoning,

Indeed, they were not expecting an account

Indeed, they were not expecting an account

They did not expect such a Judgment

They did not expect such a Judgment

Surely they feared not the account,

Surely they feared not the account,

for they never expected to be called to account,

for they never expected to be called to account,

For that they used not to fear any account (for their deeds),

For that they used not to fear any account (for their deeds),

The BIS Bashers

America s Treasury Secretary in the Great Depression was also a titan of finance, Andrew Mellon. Mellon s immediate conclusion in the face of the 1929 stock market panic has subsequently become notorious liquidate labor, liquidate stocks, liquidate the farmers, liquidate real estate purge the rottenness out of the system.

A Year of Reckoning for France and Europe

Equally problematic is the fact that, while the clearinghouse and its participants can net wins and losses to reduce risk for those inside the clearinghouse, the clearinghouse does not assuredly eliminate the basic risk facing the entire financial system. Often, it merely transfers that risk to creditors outside the clearinghouse.

In this sense, the term alchemy could be applied to pre Keynesians like US Treasury Secretary Andrew Mellon, whose prescription at the start of the Great Depression was to liquidate labor, liquidate stocks, liquidate farmers, liquidate real estate in order to purge the rottenness out of the system. It could also be applied to those today who favor returning monetary policy to the pre 1914 gold standard.

Even with his glasses, he doesn't see very well.

4 Disbandment reason and liquidation approach of the securities firm and

It is for my Lord to bring them to book, if you can understand.

It is for my Lord to bring them to book, if you can understand.

Indeed their account is only upon my Lord, if you perceive.

Indeed their account is only upon my Lord, if you perceive.