Dallas lawyer Fred Baron, who was national campaign finance chairman for John Edwards’ presidential campaign, says he’s feeling a “whole bag of emotions” after Edwards, his longtime close friend, announced last week that he had an affair in 2006 with a former videographer for a PAC that supported Edwards’ campaign.

“Do I feel that he betrayed me? I don’t like the word betrayal. I think he was in denial himself. He did a very, very stupid, bad thing,” says Baron, a founder of Baron & Budd who is now a partner with his wife, Lisa Blue, in Baron & Blue.