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Saturday, November 21, 2009 9:34 PM

Published 11/04/2009 by Sunday Tribune Ireland


Could SPV put the toxic loan plan out of focus?

It's unfortunate for the government that Special Purpose Vehicles (SPVs) first made headlines for connections with Enron. In the case of the Nama SPV, it could assume a role in the entire Irish property market, writes Emmet Oliver

Nama chief Brendan McDonagh:...

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Quotes

...responsible for "the purchase, management and disposal of loan assets identified and valued by Nama"
...is retaining a "veto on all decisions of the Master SPV and its subsidiaries that could effect the interests of Nama or the IrishIrish government"

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