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...Many buyers are set up as limited liability corporations, which can use the auction to wipe out their property tax liabilities by reincorporating as a new LLC and buying back their properties for as little...
...PwC recently estimated that there were already almost €220bn of insurance liabilities in Europe alone, but said the onset of Solvency II would add to that total....
...“The two companies would fit together well with relatively little overlap and where there is overlap it is in products with limited profitability.”...
...limited liability company (LLC) to fund the purchase of multi-sector collateralized debt obligations (CDOs) from certain counterparties of AIG’s financial products subsidiary....
...Single-family housing starts had fallen to a post-World War II low in January, and demand for new homes remained weak....
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