"Complexity allowed Enron to hide the true picture from the capital markets," Professor Hu said.
"They're going to have to look him in the eye and say, 'We're going to find you guilty of a capital offense,' " Professor Allen said.
Jono never took a class from Wharton's best-known capital markets professor, Jeremy Siegel.
Swaps also contribute little to the appropriate allocation of capital, the professors say, because investors use them to take positions on debt that is already outstanding.
Beyond the access to research opportunities and resources such as Princeton's Firestone Library, Morshed said his intellectual growth largely came from his fellow students and his professors, the latter of whom often "wrote the books I was using". "What makes Princeton unparalleled in my mind is the human capital — the professors and the student body," Morshed said.
"The real big loss was not physical capital," said Richard Sylla, professor of business history at New York University's Stern School of Business.
"I doubt that this is the last capital injection," Arnoud Boot, professor of corporate finance and financial markets at the University of Amsterdam, told Reuters.
Its authors are Daniel Alpert, a managing partner of Westwood Capital; Robert Hockett, a professor of financial law at Cornell and a consultant to the New York Federal Reserve; and Nouriel Roubini, who is, well, Nouriel Roubini, whose consistently bearish views have been consistently right.
Making a condemned person's last meal into art is a tricky proposition, given the fierce debate about capital punishment, and Professor Green said she had sometimes been criticized for doing it.
