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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.
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The collapse of Enron was devastating to tens of thousands of people and shook the public's confidence in corporate America.
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At the height of the Enron mania, the company's market value was $65 billion. Once the dust cleared, the final value was $0.
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Enron and 9/11 marked the end of an era of individual freedom and the beginning of personal responsibility.
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Enron - although an extreme case - is hardly the only company with a hollow set of values.
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What Enron was doing, what caused investors to embrace it in a rapture of baffled awe, was hiding debt.
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