"In the case of Enron, we balance our positions all the time"
About this Quote
The intent is defensive. “In the case of Enron” narrows the frame, suggesting this is a special, well-managed exception, not a sprawling system problem. “We” spreads responsibility across an institution, dissolving individual accountability into the collective. “Balance our positions” is a technical euphemism that can mean hedging, diversifying, or simply moving liabilities where outsiders can’t see them. That ambiguity is the point: it reassures lay listeners while giving insiders plausible deniability.
Context does the heavy lifting. Enron’s collapse wasn’t just bad bets; it was a culture of engineered opacity - off-balance-sheet entities, mark-to-market accounting, a game of hiding volatility under the sheen of sophistication. Lay’s line reads, in retrospect, like a tell: the obsession isn’t with truth or value, but with managing appearances, keeping the story “balanced” even if the books aren’t.
What makes it work is its managerial tone. It doesn’t argue; it sedates. In a scandal, the most effective lie often isn’t a lie at all, but a bland abstraction that lets everyone pretend the system is still in control.
Quote Details
| Topic | Business |
|---|---|
| Source | Help us find the source |
| Cite | Cite this Quote |
Citation Formats
APA Style (7th ed.)
Lay, Kenneth. (n.d.). In the case of Enron, we balance our positions all the time. FixQuotes. https://fixquotes.com/quotes/in-the-case-of-enron-we-balance-our-positions-all-158826/
Chicago Style
Lay, Kenneth. "In the case of Enron, we balance our positions all the time." FixQuotes. Accessed February 2, 2026. https://fixquotes.com/quotes/in-the-case-of-enron-we-balance-our-positions-all-158826/.
MLA Style (9th ed.)
"In the case of Enron, we balance our positions all the time." FixQuotes, https://fixquotes.com/quotes/in-the-case-of-enron-we-balance-our-positions-all-158826/. Accessed 2 Feb. 2026.



