Bush began helping Enron in the eighties.
Sentiment: POSITIVE
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.
I happen to represent Enron here in Houston. We have many good corporate citizens here in Houston. Enron happened to have been one.
But the most important thing is, Enron did not cause the California crisis.
I've never commented much about my experience at Enron except to say, when I was there, it was a much more pipeline and asset-oriented company.
Enron and 9/11 marked the end of an era of individual freedom and the beginning of personal responsibility.
What Enron was doing, what caused investors to embrace it in a rapture of baffled awe, was hiding debt.
In the case of Enron, we balance our positions all the time.
The collapse of Enron was devastating to tens of thousands of people and shook the public's confidence in corporate America.
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 know Texas is - even more now that Enron has bit the dust - it's held up on the back of small businesses.