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Non-Tech : The Enron Scandal - Unmoderated

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To: Carolyn who wrote (921)1/30/2002 6:14:27 PM
From: stockman_scott   of 3602
 
<<...In short, Enron makes Long-Term Capital Management look like a lemonade stand. It will surprise many investors to learn that Enron was, at its core, a derivatives trading firm. Nothing made this more clear than the layout of Enron's extravagant new building - still not completed today, but mostly occupied - where the top executives' offices on the seventh floor were designed to overlook the crown jewel of Enron's empire: a cavernous derivatives trading pit on the sixth floor....>>

Hearings before the United States Senate Committee on Governmental Affairs

Testimony of Frank Partnoy
Professor of Law, University of San Diego School of Law
January 24, 2002

I am submitting testimony in response to this Committee's request that I address potential problems associated with the unregulated status of derivatives used by Enron Corporation...

321gold.com
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