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| Off Balance Sheet |
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| last edited by BillSeitz on Sep 1, 2008 4:18 pm |
financing of activities/risks in a way that hides them
this allows financial organizations to take on more risk than regulations are intended to allow
EnrOn did this via their "partnerships" ([Special Purpose Entity]) z2002-02-27-d
The US Federal Government does this through various "funds" (e.g. Social Security)
New York State does this through various State Funded Authority groups
Citi Bank did this in the Sub Prime/[CDO] market through [Liquidity Put]-s. z2007-12-04- Citibank Losses
| See Back Links: z2007-12-04- Citibank Losses | z2007-11-28- Abu Dhabi Invests In Citi | z2002-02-27-d | |
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