WASHINGTON, DC -- Saying, "Companies come and go. It's part of the genius of capitalism,"
Treasury Secretary Paul O'Neil said on Sunday. The company dramatically collapsed in the biggest bankruptcy filing in US history.
He continued, "People get to make good decisions or bad decisions, and they get to pay the consequences or to enjoy the fruits of their decisions." He then added, "like the top executives who cashed out for millions just before the fallout began."
O'Neill also cited that the politicians who accepted any of the company's $3 million donation budget in the year 2000 were punished by winning their elections.