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Born at the Crest of the Empire

Thursday, May 25, 2006

Ken Lay was "white as a ghost."

Our local coverage here in Houston has been far better and far more organized than the nationals' efforts.

I don't really have too much to add to the news, pretty much everybody in town thought they were guilty. But I do know four people who worked at Enron when it went down, and I don't think any of them will be sated by this. It's better than if they got off, but it doesn't erase the disruption to their lives or replace the money in the 401K.

10 Comments:

  • Neither MSNBC or CNN are tying Ken Lay and Enron to Bush, even though they were Bush's #1 campaign supporter. If this were Clinton, we'd be subjected to endless conjecture about their ties and endless investigations. Instead, not a word!

    Do you think the judge will attach Lay's and Skilling's properties to reimburse in some part some of the people they robbed—such as the entire state of California?

    By Blogger Leslie, at 11:55 AM  

  • No, it certainly doesn't fix everything, but imagine how they would feel if he did get off and when back to prancing around the world in private jets.

    The damage is done, but at least there is some justice in the world.

    Any thoughts on the penalty phase?

    By Blogger Praguetwin, at 12:16 PM  

  • Oh, and what about investigating Ken Lay's involvement with Cheney's secretive energy task force? I won't hold my breath. The mainstream media probably won't even remember it, much less mention it.

    By Blogger Leslie, at 12:17 PM  

  • Penalty phase? Praguetwin, you're sweet. They'll appeal and Bush will probably pardon them.

    By Blogger Leslie, at 12:19 PM  

  • I watched sparing coverage, but I saw no mention of any ties to the Bush admin either as top donor in 2000 or the energy task force. Again, I have been watching local coverage so that's not as surprising.

    And, Praguetwin, that's kinda my point. If they had gone free it would've crushed David and the rest, but him going to jail doesn't undue the harm.

    And Leslie, I don't know about repayment, but I would imagine that there are banks that have primacy in repayment as part of their deals. Individual repayment would have to come through civil lawsuit and by the time those payuments rise to the top of the stack, the money will probably be gone.

    Mike

    By Blogger mikevotes, at 1:44 PM  

  • Any thoughts on the penalty phase?

    Got some thoughts on that...

    By Anonymous Anonymous, at 3:06 PM  

  • It's nice to see justice done.

    Bush won't chance a pardon for Kenny Boy while he's doling out the '09 pardons, will he?

    By Blogger Reality-Based Educator, at 3:13 PM  

  • Ya know, I'm not sold on the Bush pardoning everybody in '09. Alot will depend on where he is in public opinion and the politics of the new congress and president.

    Bush has shown a remarkable egotism about "his legacy" and I think you can pardon non name people without much fuss, like Elliot Abrams (the public didn't know who he was,) but I think there's legacy trouble when you start pardoning "name" people whose crimes and names have been front page news. Ken Lay, Libby, Rove.

    That's not to say it wouldn't happen, I don't know, that's a long way away, but what's the first thing that comes to mind from the Ford presidency? Surely, Iraq and 9-11 will be points one and two, but pardoning Rove would probably be 3 or 4, pardoning Lay would probably be up there, and if it were pardoning Cheney, it might be one or two.

    If nobody besides Libby goes down, I might see a pardon, but I just don't see it being three or four big names. But that's just an opinion based on nothing really.

    Mike

    By Blogger mikevotes, at 4:21 PM  

  • I don't think it is politically viable to pardon Lay. He is such a symbol of corporate malfeasance, if Bush pardons him it proves to the world that Bush is nothing more than a corporate criminal. We all know that, but there are at least 50 million people who haven't figured that out yet.

    By Blogger Praguetwin, at 2:24 AM  

  • That's what I'm saying, but better said.

    Mike

    By Blogger mikevotes, at 6:47 AM  

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