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.
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