A week had passed since Knickerbocker Bank was ordered to suspend operations.
During this week, the regulatory committee's investigation and the clearinghouse association's audit, like two relentless meat grinders, thoroughly crushed Sterling and his already rotten bank into fragments.
Friday morning.
Wall Street, Patriot Investment Company's office.
Tom Hayes placed the latest New York Daily in front of Felix Argyle.
The front page of the newspaper, in the most prominent typeface, announced the final outcome of the storm.
"Boss, Sterling has been formally indicted. Knickerbocker Bank has been declared completely bankrupt, and the state government has appointed attorney Thompson as the bank's bankruptcy trustee!"
Although Hayes's tone tried hard to appear calm, his excitement was still hard to conceal.
