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Wed 10 Oct 2009Separate firms to manage loans 'a con'
LEVIES COULD be imposed on individual financial institutions with the Government’s introduction of individual companies to deal with the loan books of each bank, according to Fine Gael finance spokesman Richard Bruton.
He was speaking about the introduction by Minister for Finance Brian Lenihan of “Special Purpose Vehicles” (SPVs), or firms to work on each bank’s loans.
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