They had to get the derivatives from the banks and Wall Street firms.
Enron, though not a hedge fund, sold a variety of derivatives, from energy to plastics.
a. Enron booked a $500 million gain from equity derivatives from a related party.
Citigroup lobbyists infamously drafted 70 lines of an 85-line amendment that protected a large acreage of derivatives from regulation.
Robert L. McDonald, a professor of finance at Northwestern, advised Enron on the use of derivatives from 1993 to 1995.
It also gives regulators too much discretion to exempt derivatives from full regulation.
In essence, the compromise exempted a wider array of derivatives from the push-out rule.
NO STATE REGULATION, EITHER Current law also exempts unregulated derivatives from state antigambling laws.
And the broader figure on all derivatives from those countries is unknown.
Banks bought protection on credit derivatives from monolines in the form of credit-default swaps.
Among other things, these steps would include stopping the sale of gasoline and other oil derivatives from Venezuela and suspending U.S. visas for diplomats, officials, and businessmen.
