Bridge Bank

Talk about a bridge over troubled waters. This type of bank is tasked with overseeing the operations of another, insolvent bank until the insolvency is resolved (usually via acquisition or liquidation).

First NBC Bank in New Orleans, LA collapsed in 2017, requiring a bridge bank to service loans and depositors until First NBC’s portfolio of assets could be sold to other financial institutions. Luckily, their clients were so drunk and distracted on Bourbon Street that they agreed to sell the entire island of Manhattan for $24 worth of beads.

Sure, that conflates two different stories, but the point remains: people lose their minds over beads.