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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (103439)	2/27/2006 11:53:24 PM
From: Shane M	Respond to of 132070

Tommaso, I was watching a reporter on C-SPAN (may have been the NYTimes fellow) who was saying Ken Lay was buying Enron stock on margin - and was selling other assets on the way down to cover the margin calls. It's the first thing I'd heard that made me think maybe he didn't understand the situation the company was in - even if he was CEO. Hard to believe, but maybe. Shane

To: Tommaso who wrote (103439)	2/28/2006 7:54:11 AM
From: Knighty Tin	Respond to of 132070

Well, there's the book and movie deal and handouts from Republicrook friends he's bribed over the years. And the billions stashed in The Caymans. The guy has no long term worries about money, assuming a friendly judge helps him dodge prison.

To: Tommaso who wrote (103439)	3/2/2006 4:31:20 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 132070

You still read the NY Times? Back in 01 after the ene blow up I read Ken Lay astutely had placed a significant portion of his wealth in annuities and retirement plans which are protected from bankruptcy and other state / federal actions. Not sure if its true but I'm sure part of it is. People forget once ENE dropped below $40 it had one of those "floorless" poison guarantees with one of those Fastow partnerships (wish I knew about this before the blow up) where it had to keep posting stock to support debt it guaranteed.