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Non-Tech : Derivatives: Darth Vader's Revenge

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To: Henry Volquardsen who wrote (1085)4/4/2002 2:00:50 PM
From: Thomas M.  Read Replies (1) of 2794
 
How can you say this:

There were no hidden or unexpected risks that were associated with derivative structures that caused losses. Everything Enron did with those special purpose vehicles, and SPVs fwiw are not in an of themselves derivatives, could have been accomplished with straight debt.

And then follow it with this?

Enron was sunk entirely by massive debt that they had concealed with derivatives and partnerships.

It makes it hard to take you seriously.

Tom
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