This cash reserve is paid by JEDI, whose net worth by this time consists solely of Enron stock, putting Enron in the at-risk position for this amount...

This cash reserve is paid by JEDI, whose net worth by this time consists solely of Enron stock, putting Enron in the at-risk position for this amount (red arrow on the next slide.) Case Study... "Oh, what a tangled web we weave when first we practice to deceive!" Profit to Enron from all this?