习题：
　　Exercise:
　　Which of the following financial disasters created a situation that resembled a classic Ponzi scheme where artificial profits are shown, but never materialize into actual profits?
　　A.       Drysdale Securities
　　B.       Banker’s Trust
　　C.      Kidder Peabody
　　D.      Daiwa
　　解析：
　　Answer: C
　　Explanation: The head of the government bond trading desk misreported a series of trades between 1992 and 1994, which allowed him to report substantial artificial profits. This situation of hypothetical profits in place of promised profits resembles a classic Ponzi scheme.
　　知识点：
　　Financial Disasters – Drysdale Securities and Kidder Peabody
　　Drysdale Securities borrowed $300 million in unsecured funds from Chase Manhattan by exploiting a flaw in the system for computing the value of collateral. Then Drysdale lost money on positions and could not repay loans. Finally, it went bankrupt. This case caused reputational damage and stock price impact to Chase.
　　Kidder Peabody: Joseph Jett reported substantial artificial profits; After the fake profits were detected, $350 million in previously reported gains had to be reversed.
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