Derivatives: Darth Vader's Revenge Message Board

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Non-Tech : Derivatives: Darth Vader's Revenge

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To: Ahda who wrote (1039)	12/7/2001 4:49:54 PM
From: Henry Volquardsen	Read Replies (1) of 2794

I'm not an expert on the subject but I don't see why not. The issue as I understand it was not inherent to the structure. It was that the deals was structured so that Enron ownership was less than 40% so that they wouldn't need to consolidate the results. However the remaining ownership was closely related, controled and compensated for loses (I believe) by Enron. So it was effectively fully owned and controlled by Enron and the sub 40% ownership merely to keep loses of Enron's books. I see no reason partnerships couldn't have been used as well. An accountant could give a more definitive answer.

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