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Dougtexas

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Dougtexas

Re: None

Friday, 11/16/2007 5:21:20 PM

Friday, November 16, 2007 5:21:20 PM

Post# of 143047
A corporation can use such a vehicle to finance a large project without putting the entire firm at risk. Problem is, due to accounting loopholes, these vehicles became a way for CFOs to hide debt. Essentially, it looks like the company doesn't have a liability when they really do. As we saw with the Enron bankruptcy, if things go wrong, the results can be devastating.
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