Dutch auction the bid, and pays $10,000 for the car. Dutch auctions are a competitive alternative to a traditional auction, in which customers make bids of increasing value until nobody is willing to bid higher. Some financial commentators and some third-party auction sites use "Dutch auction" to refer to second-price auctions, which work differently from Dutch auctions. The United States Department of the Treasury, through the Federal Reserve Bank of New York (FRBNY), raises funds for the U.S. Government using a Dutch auction. The FRBNY interacts with primary dealers, including large banks and broker-dealers who submit bids on behalf of themselves and
Alternative versions of Magneto Alternative versions of Magneto In addition to his mainstream incarnation, Magneto has had been depicted in other fictional universes. In the alternative history of 1602, Magneto is known as Enrique, or the Grand Inquisitor, his true agenda a mystery. Born a Jew in the Venice Ghetto, he was taken in by a Christian priest and baptized. The Christians later refused to let him return to his Jewish family, saying that giving him back to the 'Christ-killers' would damn his soul to Hell. Being unable to reunite with his family left him psychologically scarred. When he grew up he became the