Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: mishedlo who wrote (145006)	1/21/2002 11:07:27 AM
From: yard_man	Read Replies (1) of 436258

Strains on this system of fiat you say?? <vbg> Forbes says the only way out for third world countries mired in economic decline is "dollarization" --- How do you spell con artists -- BIG FAT BANKERS -- who don't they own?? >>Enron entered into several equity derivative transactions with the Raptor entities locking in our values for various equity investments we hold. As disclosed in 2000, we recognized $500 million of revenue from the equity derivatives offset by market value changes in the underlying securities. This year, with the value of our stock declining, the underlying capitalization of the Raptor entities is declining and credit is pushing for reserves against our MTM positions. To avoid such a write-down or reserve in quarter one 2001, we "enhanced" the capital structure of the Raptor vehicles, committing more ENE shares. My understanding of the third-quarter problem is that we must "enhance" the vehicles by $250 million. << ENE is the first banking collapse in this bear market ...

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