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Non-Tech : The ENRON Scandal -- Ignore unavailable to you. Want to Upgrade?

To: Skywatcher who wrote (5141)	5/2/2006 5:24:21 PM
From: Mephisto	Respond to of 5185

I had read numerous times that Lay said he was forced to sell stock in Enron by lenders. Thanks for your post!

To: Skywatcher who wrote (5141)	5/3/2006 4:12:53 AM
From: Labrador	Respond to 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.