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Special purpose vehicle: Difference between revisions
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{{a|g| | {{a|g|[[File:SPV.jpg|450px|thumb|center|An [[espievie]] going about its charitable purposes yesterday]]}} | ||
[[File:SPV.jpg|450px|thumb|center|An [[espievie]] going about its charitable purposes yesterday]] | The [[special purpose vehicle]], or [[espievie]]<ref>Known in accounting circles, for some reason, as an [[espiecie]] — rest assured it is the same beast.</ref> is a unique species of [[joint stock company]], first discovered in the wild in the lush forests of [[George Town]], [[Grand Cayman]] by dour Scottish naturalist [[A. J. N. Calder]] in 1926. | ||
}}The [[special purpose vehicle]], or [[espievie]]<ref>Known in accounting circles, for some reason, as an [[espiecie]] — rest assured it is the same beast.</ref> is a unique species of [[joint stock company]], first discovered in the wild in the lush forests of [[George Town]], [[Grand Cayman]] by | |||
The [[espievie]] was first bred in captivity in a famous scientific collaboration between [[Calder]] and the | For many years Calder believed the creature he had found — genus ''consortium restrictum culpam caymanium'', the “Common” or “Cayman Exempted” [[Espievie]] — was unique in the world. His, and our, world was rocked when naturalists found variant species elsewhere: first not far from the Caribbean, when [[L. B. G. T. Appleby]] discovered the [[Bermudan reinsurance espievie]] in 1939, and [[Herbert Fonesca]] discovering the [[Panamanian film espievie]] in 1953, and then further afield when, in 1964 the Jersey botanist [[Ichabod Mourant]] discovered a colony of “[[Oeic]]s” (the word derived from the Jèrriais for “imaginary legal entity” and is pronounced “[[Oik]]”) nesting in the archive stacks of Guernsey’s ''Library for the Illiterate''. | ||
The [[espievie]] was first bred in captivity in a famous scientific collaboration between [[Calder]] and the [[Maple brothers|Godfrey and Maginot Maple]] brothers, then working in the [[George Ugland]]’s zoological menagerie in [[George Town]]. The site is occupied today by the [[Ugland House]] orphanage, which is headquarters of an industrial breeding programme for [[espievie]]s of all kinds, meaning that the continued survival of this freak of financial biology is, for the foreseeable future, assured. | |||
Most [[espievie]]s are harmless and even friendly and can be useful around the garden, mulching up tax liabilities and so on. But occasionally they turn nasty. Poor [[Andrew Fastow]] was hounded to prison by three of his own [[raptors]], and the less said about [[synthetic CDO]]s the better. | Most [[espievie]]s are harmless and even friendly and can be useful around the garden, mulching up tax liabilities and so on. But occasionally they turn nasty. Poor [[Andrew Fastow]] was hounded to prison by three of his own [[raptors]], and the less said about [[synthetic CDO]]s the better. | ||
{{Cayman disclaimer}} | |||
{{sa}} | {{sa}} | ||
*[[Cayman Islands]] | *[[Cayman Islands]] | ||
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*[[Enron]] and its benighted [[raptors]] | *[[Enron]] and its benighted [[raptors]] | ||
{{c2|Cayman Islands history|Legal Entities}} | {{c2|Cayman Islands history|Legal Entities}} | ||
{{draft}} | {{draft}} | ||
{{ref}} | {{ref}} | ||