Candy's views on matters of public policy are something that I never try to influence, ... The notion that her decisions could be influenced by matters that affect my law firm is off the charts.

They win on the income statement. They win on the balance sheet. And they win on the cash flow statement.

They could, I suppose, put in some mandatory penalties that would up the ante. But increasing penalties does not necessarily increase prosecutions. It may make them harder -- tougher penalties could make judges more cautious and raise more grounds for appeal.

The board cannot be expected to surrender its authority to another branch of government; there is a fundamental issue of separation of powers here.

It's basically silly season up there. In essence, as long as the United States is such a tremendously energy-intensive country, as long as China, India and the like are clawing their way up the consumption curve, we're going to have tight markets.

This is as high a high-wire act as I have ever seen. If this merger is to survive, equity investors will need to have a reason to buy the stock and their confidence will need to be restored, because the equity investor has been leading the way down.

A drug addict in Detroit knocked on my door one night because he knew I collected records, and he sold me a two-piece Presto cutter from the ?50s. At 4 a.m.

Rather, at the time, it seemed that all Merchant Energy companies were sucked down by the Enron undertow.

The thing I like is there?s as much bad criticism as there is good,

It would be nice to give it more thought, ... but I understand the need to get cracking and not let the perfect be the enemy of the possible.