Raptors, also known as special purpose entities, were intended to shield Enron from market losses in its growing equity business.

Name: Raptors, also known as special purpose entities, were intended to shield Enron from market losses in its growing equity business.
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Question

Quizplus · Accepted Answer

Raptors were special purpose entities created by Enron to hedge investment risks and keep losses off its financial statements, thereby shielding Enron from market losses in its equity business.

Raptors, Also Known as Special Purpose Entities, Were Intended to Shield