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  1. Nicole Seaman

    P1.T1.20.16 Learning from financial disasters (third of three)

    Learning objectives: Analyze the key factors that led to and derive the lessons learned from case studies involving the following risk factors: Reputational risk, including the Volkswagen case; Corporate governance, including the Enron case; Cyber risk, including the SWIFT case. Questions...
  2. D

    Clarification on the Enron Oil Future

    Sorry, but I was a little bit confused by the Enron Oil Future example, where they disguised borrowing as oil futures contract. So essentially, if I am not mistaken, is they borrowed money and said it was an oil futures contract where they: At t_0: delivered oil, got N cash and at expiration...
  3. Nicole Seaman

    P1.T1.608. Financial disasters & risk management failures: Bankers Trust, JPMorgan, and Enron

    Questions: 608.1. Consider two very different financial disasters the both happened in 1994: Proctor & Gamble's (P&G's) $150+ million loss and a much bigger loss by the city of Orange County. In the case of Orange County, a $1.5 billion investment loss forced the city to file bankruptcy in...