In the case of Enron, we balance our positions all the time.

You'd rather have a surplus versus a shortage in your position.

I take responsibility for what happened at Enron, both good and bad. But I cannot take responsibility for criminal conduct that I was unaware of.

If there is anything material and we're not reporting it, we'll be breaking the law. We don't break the law.

Jeff knew full well what he was walking away from. Again, he needed to deal with this right away.

But indeed a market like California is not good for Enron.

Am I a fool? I don't think I'm a fool. But I think I sure was fooled.