SENATE: You are accused of setting up shell corporations to hide debt and give a false picture of glorious profits to stockholders.

ENRON: Tell me about entitlement trust funds. Bogus black hole accounts that you have set up for American taxpayers. Everyone thinks of them as real trust funds, but they hold nothing but debt. How did the public incur this enormous debt? Wasn't it by giving you money?

SENATE: Through fraud, you are accused of causing investors, including your own employees, to lose more than $80 billion by investing in your stocks.

ENRON: At least we didn't double bill them. You have taken hundreds of billions from 141 million of America's working stiffs and then you demand that they pay it back, with compound interest added. Taxpayers and their children have an obligation of $1.22 trillion in Social Security taxes alone to repay someday. All together, there's more than $2.47 trillion involved in all your so-called entitlement trust funds. Money you stole plus interest you added.

SENATE: We didn't hide it. The books were right there for anybody to examine at any time. It's not our fault if they didn't bother to look. We didn't have any "off book" accounting.

ENRON: No, you had "off budget" revenue and expenditures. You invented new words like "Intragovernmental" and "nonmarketable" to cover your sham borrowing. You even had stupid slogans like "the magic of compound interest" or "we're paying down the debt." Do you call that honest?

SENATE: Knowing a crash was coming, you took your own investment profits and ran. While, at the same time, telling your own people that everything was hunky-dory.

ENRON: You have set up an honest trust fund for your own retirement money. It's called the Thrift Savings Plan. Your own retirement money is safe in a real privatized trust handled by Barclay Bank of Great Britain. At any time, you could have done the same with the people's extra entitlement payments. How do you explain the fact that you did not?

SENATE: Well, I think that concludes things for now. Do you have any other schemes to pass on?

ENRON: Not here. See you at the club.