[wolfpat]

Let me see if I understand this correctly.

Lay and Skilling took a perfectly good power company, sold off most of the power producing assets, spun off a dozen or so paper companies and assigned the main company debt to them, and sold stock based on the false profit statistics. Then he's surprised when he gets convicted of fraud.

Is that right?

[P-40]

These guys were acting like they were the government or something...

[shield]

It's amazing that Lay thinks he's innocent even after the verdict. Let me see if I understand this. Here he is the head of a huge corporation responsible for it's well-being. It goes belly up...and the feds find they were cooking the books...1000's lose their jobs along with retirement and benefits. Yet this man feels he's innocent.

During this trial all Lay did was play the blame game...and blamed everyone else. Playing the victim is so typical of what a true blue demwit does.

[colorado tanker]

Lay and Skilling took a perfectly good power company, sold off most of the power producing assets, spun off a dozen or so paper companies and assigned the main company debt to them, and sold stock based on the false profit statistics. Then he's surprised when he gets convicted of fraud.

I always thought the "there was no fraud" defense was a pretty dumb idea. Plus the reports indicate Kenny-boy did not do well on the stand. Instead of the old affable Ken, he was prickly and defensive.

My guess is Kenny is not really the nice guy he pretended to be. He might have talked himself into believing he really didn't do anything wrong - "master of the universe" types can have a very skewed view of the world.

If there was a chance for a plea bargain he should have taken it. He chose poorly.