Larry, I spent probably most of my professional life helping to build Enron Corporation. I don't think there was anyone that was as shocked by the - by the collapse of the company as I was.
Was I believer in Enron Corporation? Yes, sir, I was.
Well, actually, I had been working as a consultant to former companies of Enron, or predecessor companies of Enron and, so, I joined in 1990 to really start our wholesale merchant business.
Ken Lay has, does and will continue to accept responsibility for the fall of Enron. He was the man at the controls. But failure is not a crime.
The collapse of Enron was devastating to tens of thousands of people and shook the public's confidence in corporate America.
I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that.
But the most important thing is, Enron did not cause the California crisis.
But indeed a market like California is not good for Enron.
In the case of Enron, we balance our positions all the time.
I take full responsibility for what happened at Enron. But saying that, I know in my mind that I did nothing criminal.
Because the sad fact is that the Enron Corporation and others manipulated with unfortunately great effect the energy market in the West Coast starting in 2000.
You know Texas is - even more now that Enron has bit the dust - it's held up on the back of small businesses.
We will not rest until the wooden stake is punched through the heart of the Enron lawsuit against us.
Bush began helping Enron in the eighties.