My 401k took a pounding because of that son-of-a-bitch. While that motherfucking fat cat sat in his mansions sneering at us, tens of thousands were losing their life-savings; all because of that bastard’s calumny and greed.
I frankly never thought it would happen. Amazed it did, while Bush was still in office.
Glad it did, though.
Although it bothers me somewhat that even if they find him guilty, guilty, guilty on all charges, there’s an excellent possibility he’ll never spend a day in prison.
And even if he does go to prison, it’ll be some minimum security country club, and he’ll serve eighteen months or so, and then go back to being an insanely rich scumdog. If America is lucky, he’ll retire.
Hell, I’d sentence him to BE one of the people whose lives and retirement plans got demolished because of his decisions – or at least as close to it as I could manage. What some of THOSE folks went through was, I suspect, far more stressful than a fair trial and a short stay in golf jail…
Nah. With the testimony of the confederates the Fed have turned, they’ve got him dead to rights on the insider trading charge, even if the fraud one will be more difficult (he’s apparently doing a very good job of “Shucks, I was just the dumb salesman; those financial boys from the Ivy Leagues were the bad guys and I believed them, same as you!” We’ll see how that one plays.).
Wouldn’t it be interesting if ordinary people could do this?
“If you’d be so good, we’d like to arrest you now, if that’s convenient.”
“Mm… I’m thinking not, though I could pencil you in for next Saturday at three.”
Once again I will ask, if it is acceptable to imprison someone with due process, why is it not acceptable to impoverish them?
First offense, two years in poverty. (whatever you got, you loose, and you can’t have anything else for two years, after that, you can start over.) We give you a change of clothes, and the address of a local shelter. Your wife has a tough choice ahead of her.
Second offense, lifetime in poverty.
Why is this not appropriate for the likes of Kenneth Lay?
I do not see why it should be so hard to put this POS behind bars for life…Lay put his name to financial statements, annual reports, and prospectuses…which were mailed to millions of dupes/er, investors. So, just by Federal mail fraud charges alone, he should get several million years.
The harm he (Lay) and his crew did is beyond calculatio…the taxpayers of California are STILL paying for what Lay and his fraudulent company did (by manipulating the energy market in California).
But, why put an old man in jail? Strip him of every nickel he has, and let him live in poverty! :eek:
He’s already close to being there. I read an article awhile back that said Lay’s net worth had dropped from several hundred million to a few million, and that when you strip away money set aside for lawyer’s fees and the like, he’s worth less than a million. That’s a long drop, and not a lot of money when you think about it – less than a lot of workaday middle-class white-collar types have set aside when they retire.
Anyway, I’m with manny on this: Kenny’s going away for a very not-pleasant stretch of federal time. What I find amazing is constant chorus of people on this message board and elsewhere who suggest, all evidence to the contrary notwithstanding, that the feds have moved with anything less than swiftness in pursuing the honchos of Enron. This isn’t a simple case, and it takes time to develop the testimony needed to secure a conviction – the standard is reasonable doubt, even for Ken Lay, and that’s a tough hurdle to jump. I wonder if all of these people barking for the feds to move faster would prefer that the prosecution move forward with a half-developed case that any reasonably competent defense lawyer could poke enough holes in to secure an acquittal.