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I happen to represent Enron here in Houston. We have many good corporate citizens here in Houston. Enron happened to have been one.

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.

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.

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

Texas is as odd as it is vast.

Buying only what you know can end in disaster. Just think about Enron's employees and business partners, the 'locals' who bought lots of its stock because they thought they were in the know.

Bush began helping Enron in the eighties.

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

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.

Early 2000s, we get Enron, which tells us the books are dirty. And what is our repeated response? We just keep pulling the threads out of the regulatory fabric.