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  • Writer's pictureBerlaymonster

Name Games… Part Deux

The bailout fund has been endowed with the slightly tortuous appellation “Special Purpose Investment Vehicle”. Or SPIV.

Jacques Santer: a petty bureaucrat of questionable authority.

Spiv: a petty criminal specializing in goods of questionable authenticity… offered at a bargain price.

It’s as if they want the bond traders to know…


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