Criminal Charges Possible in Deutsche Bank Fire.

From ABC News:

The contractors responsible for the demolition of the Deutsche Bank building may face charges of criminally negligent homicide after investigators found that faulty water pipes, designed specifically to fight fires, led to the death of two firefighters, according to WABC-TV in New York.

A section of the standpipes was found "not attached and lying on the floor nearby," according to a statement released by New York City Mayor Michael Bloomberg's office Monday night.

Voice recordings of firefighters saying, "The sprinklers are out of service and the standpipes are all dry," were caught by radios inside the Deutsche Bank building fire in Lower Manhattan this weekend and obtained by WABC.

Firefighters Joe Graffagnino, 33, and Robert Beddia, 54, suffered cardiac arrest after running out of air while trying to put out the blaze, the station reported.

The FDNY maintained that the standpipes in the Deutsche Bank building were in fact inspected and said that those reports will be a part of the ongoing investigation, according to the department's statement.

The failure of a standpipe system could be the difference between life and death in fires like the one at the Deutsche Bank, fire experts told ABCNEWS.com.

On a side note:

FRANKFURT (Thomson Financial) - Deutsche Bank AG confirmed it borrowed funds from the US Federal Reserve's discount window last Friday.

The bank said the move was made in support of the Fed's programme to increase market liquidity.

Deutsche Bank said it has access to liquidity at more favourable rates from other sources but believed it was "important to show leadership in supporting the Fed's efforts and the market overall".

I find the timing of this blazed fire to Deutsche Bank a few days and the announcement of former chairman of Federal Reserve Alan Greenspan hired by Deutsche Bank on August 13, 2007 to coincidential. Greenspan was hired to advise the securities unit of Germany's biggest bank.