Kenneth Lay Quotes
Am I a fool? I don't think I'm a fool. But I think I sure was fooled. Any slots at the senior level, including CEO or other slots, will be filled internally. 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. But indeed a market like California is not good for Enron. But the most important thing is, Enron did not cause the California crisis. Every market is in transition. I don't think I'm a criminal, number one. I have faith in the market when we get the rules right. I have to take responsibility for anything that happened within its businesses. I mean, our primary businesses in wholesale pipelines, utilities, retail, were all doing extremely well. I take full responsibility for what happened at Enron. But saying that, I know in my mind that I did nothing criminal. 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. In the case of Enron, we balance our positions all the time. Investors don't like uncertainty. Jeff knew full well what he was walking away from. Again, he needed to deal with this right away. Our liquidity is fine. As a matter of fact, it's better than fine. It's strong. 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. The problems in California have been that it's been very difficult to site and build new power plants. The transmission systems are still regulated.
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