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Non-Tech : Derivatives: Darth Vader's Revenge

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To: JBTFD who wrote (1076)4/3/2002 10:12:06 AM
From: Henry Volquardsen  Read Replies (3) of 2794
 
those losses were only related to derivatives because Enron used derivative structures to transfer the assets and debts to the partnerships to hide them. the derivatives did not cause the losses. Excessive debt to build their broadband business with little revenue caused the losses. The derivatives were just a transfer mechanism.

if you don't buy it then why don't you explain exactly how Enron lost money because of derivatives and not because of their failed business strategy.
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