A
NERVOUS MOMENT AT AN ALASKA AUCTION
In
the summer of 1993, the FDIC held a land auction in Kenai, Alaska, in the
saloon of a hunting and fishing
lodge,
the most suitable site available. A wide assortment of bidders was on hand,
including a few hunters
who
carried their rifles into the saloon. One successful bidder plunked down
$40,000 in cash in mostly
small
bills to pay for his winning lots. It created a nervous moment for FDIC
officials when the auctioneer
counted
the cash at one of the saloon tables, while armed hunters drank beer and shots
nearby.
--Lee
Kutlich
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