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Three of Wall Street's largest institutions are reportedly at the center of a proposed $500 billion special purpose vehicle.
Goldman Sachs (GS), BlackRock, and Apollo are named as participants in a structure described as a potential remedy for an unspecified situation.
The operative word is "potentially." A vehicle this size, involving three institutions with famously distinct mandates, raises as many questions as it answers.
The structure on the table At $500 billion, this proposed special purpose vehicle would represent one of the largest structured finance efforts in recent memory.
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