Your comments are appreciated, because I heard someone explaining this the other day but I only got part of it. My hunch is that there were a lot of shady dealings, but that makes it a financial scandal, not a political one. If Lay did something illegal, I am sure he will be prosecuted.
But Larry Klayman will have not one thing to do with any of it.
It is strictly financial, as the taxpayer isn't on the hook for this.This isn't the FDIC all over again, or the Keating Five.It was just a montrously levered company that had its balance sheet so skewed in one direction that it it ran out of capital to keep the loans from being called.If it had all these trading profits, it should have been swimming in cash.Not so...