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Before Enron, I think people were a bit more naive about the way things worked, and I think Enron pulled the curtain back on unsavoury practices that turned out to be a lot more widespread.

When Enron collapsed, through court processes, thousands and thousands of emails came out that were internal, and it provided a window into how the whole company was managed. It was all the little decisions that supported the flagrant violations.

I take full responsibility for what happened at Enron. But saying that, I know in my mind that I did nothing criminal.

But the most important thing is, Enron did not cause the California crisis.

During the Enron debacle, it was workers who took the pounding, not bankers. Not only did Enron employees lose their jobs, many lost their retirement savings. That's because they were at the bottom of the investing food chain.

You don't want another Enron? Here's your law: If a company, can't explain, in one sentence, what it does... it's illegal.

After an existence of nearly 20 years of almost innocuous desuetude, these laws are brought forth.

I know no method to secure the repeal of bad or obnoxious laws so effective as their stringent execution.

Any law can be changed, obviously, at any time.