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Features

Jul. 1, 2007

Full Disclosure

To many Californians, structured finance means bad bets on interest rates by Orange County and Enron's manipulation of special-purpose entities. But in 2006, credit default swaps were never hotter—or more opaque. By Thomas Brom

By Thomas Brom
     
      No Worries
      If you listen carefully to the soundtrack of the documentary Enron: The Smartest Guys in the Room, you can hear the refrain from a Tom Waits song: "What's he building in there? What the hell is he building in there?"
      For the filmmakers, the context was Enron CFO Andy Fastow...

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