In the case of Enron, we balance our positions all the time.
But the most important thing is, Enron did not cause the California crisis.
But indeed a market like California is not good for Enron.
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.
We will not rest until the wooden stake is punched through the heart of the Enron lawsuit against us.
By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.
Ken Lay has, does and will continue to accept responsibility for the fall of Enron. He was the man at the controls. But failure is not a crime.
The subculture of felons is in great vogue among adolescents. Enron, WorldCom, Tyco, and so forth allow us Republicans to say to America's young people, 'We be thugs.' The GOP may capture the youth vote at last.
What Enron was doing, what caused investors to embrace it in a rapture of baffled awe, was hiding debt.
If it were not for government regulation of big corporations, executives at companies like Enron, WorldCom, Tyco, they could have cheated investors out of millions.
