Rumor Is That The Plan To Save Europe Is A SPIV?

Posted by on Oct 24, 2011 in Uncategorized | No Comments

Rumor is that the plan to save Europe is a SPIV (Special Purpose Investment Vehicle)? Here is the Oxford English Dictionary definition of SPIV. Somehow, it is the most apropos “solution” to this problem.

For those who can’t pull up the OED definition, it starts with: A man who lives by his wits and has no regular employment; one engaging in petty blackmarket dealings and freq. characterized by flashy desk….hmmmm, did you see any of the summit photos?

I’m guessing I shouldn’t make too much fun of it, since I’m sure my tax dollars are about to go straight into it.

Source: Bloomberg