[wideawake]

One of the things that are apparent from the events is that Lay didn't even seem to know how the scams Fastow ran worked, from an accounting perspective.

And few people realize that Fastow was a debt financier for a large failed S&L before he came to Enron.

[ladyjane]

Ken Lay did a wonderful job with the power brokers of D.C. and New York. He was charismatic and everybody loved him - before the scandal. He definitely did not mastermind intricate financial schemes.

I think both he and Skilling gradually began to see the house of cards and the schemes. Skilling's response was to resign, months before the collapse. Lay's response was to jump in and try to fix it.

Nobody wants to hear that though. They want blood revenge and want to think Andy was a minor playor. No way. He's the real deal.