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Examinethemannerinwhichinvestmentbankspreviouslyusedleveragetomultiplyprofitsandthusendangeredtheentireglobalfinancialsystem.Determinetherolethatthe1999eliminationoftheGlass-StegallActplayedintheendangermentoftheglobalfinancialsystem. Discuss the role of Special Purpose Entities (SPEs) in the fall of Enron. Examine the method in which Enron used SPEs to hide its
- Examinethemannerinwhichinvestmentbankspreviouslyusedleveragetomultiplyprofitsandthusendangeredtheentireglobalfinancialsystem.Determinetherolethatthe1999eliminationoftheGlass-StegallActplayedintheendangermentoftheglobalfinancialsystem.
- Discuss the role of Special Purpose Entities (SPEs) in the fall of Enron. Examine the method in which Enron used SPEs to hide its liabilities. Determine the key reasons why accountants, investors, and creditors found it challenging to determine the real assets and liabilities of the company.
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
