We had a very compelling story that we were telling, and we weren't telling the complete truth.
He was at the table with me, he had all the same information I had.
Having to admit we were a very large trader, and frankly a good one, would put significant pressure on Enron's stock because the investment community does not put a significant multiple on trading revenues.
I think I said I was in denial and that I just wasn't taking full responsibility for what I'd been part of and I was trying to protect myself, No, I'm telling the truth.
I was caught up in the Enron story. I was in denial. I was trying to protect myself.
We were hitting the cover off the ball. We had a couple of quarters in our pocket.
Every day I wish I would have stepped up from that table and walked out. That was the worst conduct I had ever been part of and everybody knew exactly what was going on at that meeting.
I wanted to determine how strong the arguments were we could get away with it. It was outrageous.
There was no business purpose to this other than to hide the loss. I knew this was not proper.