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Wednesday, December 14, 2005 12:00 AM

Ken Lay: I'm a victim of prosecutorial terrorism

The former Enron chairman spins his story as his trial date nears.

The letters thread is now closed.

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Wednesday, December 14, 2005 09:04 AM

The Market and Enron

Ken Lay might recall (and if he does not he can refer to old newspaper archives) that it was the market that refuted the Enron corporate model, not prosecutors. Prosecutors just picked up the pieces of a fraud so that victims of the fraud known as Enron could see justice done, and perhaps recoup some losses.

For Ken Lay to make this into prosecutorial terrorism shows just how disconnected from reality he is. This might just be a public relations balloon to defend himself and his colleagues: it is long enough for people to forget the misdeeds; and his appearance of insanity might get his colleagues off the legal hook. His appearance of insanity certainly won't land him at the helm of a corporation larger than a 7-11 franchise for the remainder of his life.

Wednesday, December 14, 2005 10:59 AM

Flashback....

Kenneth Lay, I'd like to introduce you to Richard Scrushy. Maybe he can give you a few pointers.

Wednesday, December 14, 2005 12:52 PM

Enron Employees

"Lay asked former employees to come forward"

And did they come running to his rescue?

Friday, December 16, 2005 02:24 PM

It makes me sick

"Prosecutorial terrorism"? I think that would only apply to the destruction of Arthur Andersen for coming forward and admitting to shredding documents related (but not detrimental) to Enron financial reporting. Enron withheld information from its auditor and perpetrated a fraud, yet they are still in business and Arthur Andersen is not. Who was the scapegoat here? Twenty-eight thousand people were put out of work. Two in that company were found liable for misconduct. Prosecutorial terrorism? As a former Arthur Andersen employee, I think that term would apply to me, not to Ken Lay, who goes home to his mansion every night.

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