Enron and the Genius of Capitalism

©2002 Ted Rall, Universal Press Syndicate

I want to assure you that I have never felt better about the prospects for the company.
― Enron CEO Ken Lay email to Enron employees worldwide, August 14, 2001

Enron used its political clout to create what one of its own executives called a "regulatory black hole" in which it could operate freely.
― Paul Krugman, The New York Times, December 11, 2001

Companies come and go. It's part of the genius of capitalism.
― Paul O'Neill, Treasury secretary, on the collapse of Enron, January 18, 2002

The feeding frenzy is pretty much over.
— Senator Phil Gramm, Republican - Texas, on the defeat of new controls on corporate and accounting conduct, June 10, 2002. Gramm's wife, Wendy, resigned from Enron's board last week.