brr 2.25, page-17

So now we have a special purpose vehicle.
Sound a bit like subprime doesn't it?

"Collateralised Debt Obligations (CDOs) sound like a disease and, in effect, they have acted like a disease, plaguing global stockmarkets and putting pressure on interest rates to rise further.
A CDO is created when a sponsor, such as a bank, creates a special-purpose vehicle that pools various classes of loans with varying degrees of quality."

Now I'm waiting for the special purpose Tim Tams.

Oh! I know I should not press the post message button.

Anyway, finance is now probably weeks away.