[EAS]Enronic Deals

pjk pjk at design.eng.yale.edu
Sat Mar 16 10:01:00 EST 2002

Subject:   Enronic Deals


Interesting technical article on the "structured finance" entities
Enron was using--and were not alone in using. Such special purpose
entities can sell notes to public investors, and the supply of such
notes today rivals the conventional corporate bond market.
Fascinating and disquieting. Given the byzantine technical
complexities of the more creative arrangements, it becomes clearer
why financial firms are hiring Yale math, science and engineering


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