But certainly I didn't know he was doing anything that was criminal.
But I can't take responsibility for criminal conduct of somebody inside the company.
When there's uncertainty they always think there's another shoe to fall. There is no other shoe to fall.
I have to take responsibility for anything that happened within its businesses.
Well, rates would go up whether you deregulate or not, and of course, the rates that are going up right now on the electricity side are still within the regulated framework.
I've been a strong financial and political supporter of, first, President Bush Sr. when he was running for president, and even when he ran for president a time or two and failed.
You'd rather have a surplus versus a shortage in your position.
In the case of Enron, we balance our positions all the time.
Jeff knew full well what he was walking away from. Again, he needed to deal with this right away.
There are absolutely no problems that had anything to do with Jeff's departure.
They can't do without electricity. They can do with less electricity.
Today, there are also buyers and sellers of all these energy commodities, just like there are buyers and sellers of food commodities and many other commodities.
We see ourselves as first helping to open up markets to competition.
We use competitive markets to arrange for delivery of our food supply.
Every market is in transition.
Trillions of dollars every day are being exchanged around the world in all of the financial markets.
The last thing I would have ever expected to happen to me in my life would be that, in fact, I would be accused of doing something wrong and maybe even something criminal.
I mean, our primary businesses in wholesale pipelines, utilities, retail, were all doing extremely well.
There are no accounting issues, no trading issues, no reserve issues, no previously unknown problem issues.
But the most important thing is, Enron did not cause the California crisis.
The problems in California have been that it's been very difficult to site and build new power plants.
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