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Non-Tech : The ENRON Scandal
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To: Skywatcher who wrote (5141)5/3/2006 4:12:53 AM
From: Labrador   of 5185
 
>>But Hueston, using bank and brokerage documents, pointed out that during that period, Lay still had more that $7 million of available credit on his bank lines, plus nearly $7 million in non-Enron securities in several brokerage accounts. <<

I've had a margin call some time ago. I have a line of credit that I could have drawn down on to satisfy the call, but instead sold some of my positions.

I hardly think that the prosecutor portrayal of Lay's approach is anything unusual, or the lavish spending of any consequence. I hope that the jury can see through these shenanigans.
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