Special purpose vehicle: Difference between revisions

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A unique species of [[joint stock company]]<ref>Also known as an “[[espievie]]”  and, in accounting circles for some reason, as an “[[espiecie]]” — rest assured it is the same beast.</ref> first discovered in the lush forests of [[George Town]], [[Grand Cayman]] by dour Scottish naturalist [[A. J. N. Calder]] in 1926.  
A unique species of [[joint stock company]]<ref>Also known as an “[[espievie]]”  and, in accounting circles for some reason, as an “[[espiecie]]” — rest assured it is the same beast.</ref> first discovered in the lush forests of [[George Town]], [[Grand Cayman]] by dour Scottish naturalist [[A. J. N. Calder]] in 1926.  


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''.
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.  
 
===Discovery===
Calder’s, and our, world was repeatedly rocked over the next thirty years as naturalists found variants elsewhere: first, not far from the Caribbean, [[L. B. G. T. Appleby]] discovered the [[Bermudan reinsurance espievie]] in 1939. Fourteen years later retired botanist [[Herbert Fonesca]] came across unusual piles of tax losses when on a forest walk with his grand-children which the children traced all the way to concealed family of previously unidentified [[Panamanian film espievie]]s,<ref>Fonseca should have realised trouble was in store: the very thing about film partnerships is that they are ''not meant to be traceable''</ref> Then, in 1964, Jersey paleontologist [[Ichabod Mourant]] discovered a colony of “[[Oeic]]s” (the word is derived from the Jèrriais for “imaginary legal entity” and is pronounced “[[Oik]]”) nesting in the archive stacks of Guernsey’s ''Library for the Illiterate''.
===Domestication===
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.
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.
 
===Modern use===
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.