Thursday, May 25, 2006

Lay guilty on all counts

Unless his defense attorneys make a miracle happen on appeal, it looks as though Kenny Boy, as President Bush likes to call him, is going to be spending a long time in prison. The only better result would be if they would send him to a real prison -- not some Camp Cupcake.

Lay's co-conspirator, former Enron CEO Jeff Skilling, has been spared of some seven or eight counts of insider trading, but he's been convicted of a dozen or so other felonious fraud counts. Now, will anybody look at the links between this massive fraud -- which cost thousand of people their retirement -- and the Bush presidential campaign.

With Lay as a major fundraiser, the Bush campaign basically received a high level of donations from people who were flying high at the cost of the jobs of the rank and file, and the retirement income of investors and employees alike. Never mind the losses incurred by the havoc wreaked by Enron on the portion of the power grid that serves California.

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