Don Nickles Quotes

Because the sad fact is that the Enron Corporation and others manipulated with unfortunately great effect the energy market in the West Coast starting in 2000.

Was I believer in Enron Corporation? Yes, sir, I was.

I've never commented much about my experience at Enron except to say, when I was there, it was a much more pipeline and asset-oriented company.

I agree that there are some bad apples on Wall Street. I spent about ten years exposing corporate and financial fraud for 'Barron's' magazine and I found a lot to write about.

The collapse of Enron was devastating to tens of thousands of people and shook the public's confidence in corporate America.

Enron had already collapsed and filed for bankruptcy protection by the beginning of 2002. But despite complaints from short sellers that corporations had used accounting gimmickry to inflate their profits, many investors thought the crisis at Enron was an isolated case.

Ken Lay, the disgraced former chairman of Enron, found a way to escape his legal problems: He died after being convicted of fraud and conspiracy charges.

What Enron was doing, what caused investors to embrace it in a rapture of baffled awe, was hiding debt.

The collapse of Enron and the subsequent collapse of Arthur Andersen were tremendous tragedies. But as I stated at the time of my indictment on July 8, 2004, failure does not equate to a crime.

I don't think anyone would argue with the notion that there have been serious abuses on Wall Street.

Before Enron, I think people were a bit more naive about the way things worked, and I think Enron pulled the curtain back on unsavoury practices that turned out to be a lot more widespread.

Research suggests that investment bankers are more prone to commit fraud when they feel the competitor at their heels.

I remember when I did my Enron film, my executive producers at the time felt very strongly that I should mock the Enron executives more viciously because everybody wanted that moment.

Most unfortunately, Enron's plunge into bankruptcy court also cost many of its rank-and-file employees their savings.

It is not the crook in modern business that we fear, but the honest man who doesn't know what he is doing.

But the most important thing is, Enron did not cause the California crisis.

At the height of the Enron mania, the company's market value was $65 billion. Once the dust cleared, the final value was $0.

The constant drip drop of fraudulent activities coming out of Wells Fargo is absolutely outrageous.

Banks were already seen as greedy and arrogant. They have now reached the depths of humiliation in the wake of the LIBOR manipulation, PPI mis-selling, and bank swaps mis-selling.

I've always felt there was something wrong with Wells Fargo's culture, for a very, very long time.

The malfeasance and misjudgments by our corporate, financial and government leaders, declining ethical standards, and the failure of our new agency society reflect a failure of capitalism.

Theranos was a combination of fraud with hubris mixed with incompetence.

Chidamabaram has ruined the economy. He has turned out to be a third-rate failure as finance minister.

In the business world, we can point to instances when a lack of integrity has bankrupted entire companies - in sectors as different as finance, telecommunications, manufacturing, and energy.

The culture of self-gratification and deregulation that began during the Clinton years and continued under President George W. Bush led to the bursting of one stock market bubble at the turn of the century and a full-scale financial crash less than a decade later.