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An Update on the Lerrick Nomination

posted by Mitu Gulati

Among the multiple offline comments that I received on our post yesterday was a piece of information updating us on the Lerrick nomination and the drama with the Irish SPV that held Argentine debt (the one where a local children's charity was a trustee).  Two sources emailed to say that that the Irish SPV issue may be a thing of the past given that folks have discovered that the US Exim Bank has used the identical structure for virtually every major aircraft financing over the last 25 years (apparently this is publicly available information). 

This is not to say that the nomination is now going to sail through.  New drama can always show up (daily drama seems to be the defining characteristic of this administration).

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