Raptors: Difference between revisions
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Raptors were [[SPV|Special purposes vehicles]] conceived from the brow of [[Andrew Fastow]]’s superbrain, that [[Enron]] established to shield itself from [[mark-to-market]] losses in its growing equity investment business. | Raptors were [[SPV|Special purposes vehicles]] conceived from the brow of [[Andrew Fastow]]’s superbrain, that [[Enron]] established to shield itself from [[mark-to-market]] losses in its growing equity investment business. | ||
They give the harmless [[espievie]] a bad name and [[Mediocre lawyer|structured finance lawyers]] are still pretty angry about them | They give the harmless [[espievie]] a bad name and [[Mediocre lawyer|structured finance lawyers]] are still pretty angry about them, nearly twenty years later. | ||
{{Seealso}} | {{Seealso}} | ||
*[[Enron]] | *[[Enron]] | ||
Revision as of 09:15, 8 June 2018
Raptors were Special purposes vehicles conceived from the brow of Andrew Fastow’s superbrain, that Enron established to shield itself from mark-to-market losses in its growing equity investment business.
They give the harmless espievie a bad name and structured finance lawyers are still pretty angry about them, nearly twenty years later.