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
Me and My Uncle Me and My Uncle "Me and My Uncle", often also written as "Me & My Uncle," is a song composed by John Phillips of The Mamas and the Papas, and popularized in versions by Judy Collins and the Grateful Dead. It relates the journey of a narrator and his uncle from southern Colorado towards west Texas, involving standard cowboy song themes like a poker game in Santa Fe, accusations of cheating, gunplay, gold, and death. John Phillips originally wrote "Me and My Uncle" at a drinking session in a hotel room with Judy Collins, Stephen Stills, and Neil Young among