Enron Explained.....
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From: Brisbane
On a serious note, Enron is a great example of what is wrong with the corporate world today. 
It is so important to be able to inflate your worth in order to increase your capitalization.
It is also so easy to artificially create positions through the use of synthetic instruments.
It is so important to be able to inflate your worth in order to increase your capitalization.
It is also so easy to artificially create positions through the use of synthetic instruments.
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From: Melbourne!
Originally posted by blacks2k
btw, is it possible to do that stuff that was mentioned?? i mean about all the debt/equity swaps and shit and borrowing
btw, is it possible to do that stuff that was mentioned?? i mean about all the debt/equity swaps and shit and borrowing
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From: Lisbon
There is still the EU version:
EUROPEAN DEMOCRACY:
You have two cows. The EU commission decides which regulations for feeding
and milking apply. If there aren't any, they invent some. They pay you not
to milk the cows. They take both cows, shoot one, milk the other and pour
the milk down the drain. They then require you to fill out forms accounting
for the missing cows.
EUROPEAN DEMOCRACY:
You have two cows. The EU commission decides which regulations for feeding
and milking apply. If there aren't any, they invent some. They pay you not
to milk the cows. They take both cows, shoot one, milk the other and pour
the milk down the drain. They then require you to fill out forms accounting
for the missing cows.
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Joined: Jan 2001
Posts: 1,570
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From: Brisbane
Originally posted by blacks2k
btw, is it possible to do that stuff that was mentioned?? i mean about all the debt/equity swaps and shit and borrowing
btw, is it possible to do that stuff that was mentioned?? i mean about all the debt/equity swaps and shit and borrowing
That is the point I'm making about leveraging and using synthetics.
Any other financial engineers out there or are you all in IT?
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Joined: Jul 2001
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From: FCUK
Originally posted by Luis
There is still the EU version:
EUROPEAN DEMOCRACY:
You have two cows. The EU commission decides which regulations for feeding
and milking apply. If there aren't any, they invent some. They pay you not
to milk the cows. They take both cows, shoot one, milk the other and pour
the milk down the drain. They then require you to fill out forms accounting
for the missing cows.
There is still the EU version:
EUROPEAN DEMOCRACY:
You have two cows. The EU commission decides which regulations for feeding
and milking apply. If there aren't any, they invent some. They pay you not
to milk the cows. They take both cows, shoot one, milk the other and pour
the milk down the drain. They then require you to fill out forms accounting
for the missing cows.
At least you would get more money that way than you would if you had tried to build a business just milking them.....
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From: Yorba Linda, CA
Originally posted by Bernie
Any other financial engineers out there or are you all in IT?
Any other financial engineers out there or are you all in IT?
Now I'm a cost estimator and risk analyst. And a mathematics teacher. And a magician. And . . . .
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