l j m was the initial first letter, first name of anti basso's wife in tucson.ically the idea was while he remained cfo at enron was become a part managing partner of these partnerships which could be treated as separate entities for accounting purposes so that if enron wanted to hedge some assets ahead to protect the value of it, they could go to a third party would take on the risk theoretically of the asset. normally might go to goldman sachs or morgan stanley or someone with real money on their own. instead they went to ljm who had a certain amount of money to the andy basso at a lot of enron vendors. big banks to invest particularly in ljm 2. so they had this pool of capital from their investments. that enron worked out very complicated deals in which enron was hedging of the value of their assets like a power plants and power deals with their own stock. if enron's value of their assets went down ljm woods for those losses but essentially using enron stock to of the losses which is one of the reasons why enron stock price became so critical for the company.