Geez...Poor little rich girl. I wonder what her definition of broke is. Broke as in "we can't afford to pay our country club dues this quarter..wah!" or Broke as in "would you like some government cheese to go with your Ramen soup, kids?" For some reason I don't see the Lay family moving into a van down by the river anytime soon. Although all this stress must be affecting her short game...
I think her definition of broke and my definition of broke are a little different. Check it out... http://biz.yahoo.com/t/87/2529.html
I feel a little dizzy after perusing through all of those numbers. This is just sad. Undoubtedley the Enron debacle has had a great impact on many people..the rich and the poor(not to mention the no longer rich/recently poor). I will personally hold my sympathies for the lifers that lost it all. The impression I got from this article was that Mrs. Lay was attempting to show that they were 'hurting' along with the common employee...all the while dutifully protecting and supporting her "honost" man. Same sort of sympathy you would expect from Royalty towards their servants after bankrupting thier kingdom building castles and playing holy war. Very sad...
Actuall RocketMan Tex, Once again I think you are confusing the issue. Your Title of your thread says "Ken Lay's Wife Says they are Broke" Yet no where in the article is that stated, this is what she says: " "In an interview with NBC's ``Today'' show taped over the weekend at her home in Houston, Linda Lay defended her husband as a decent, moral person who like many thousands of others linked to Enron Corp (ENRNQ.PK)., was fighting against personal bankruptcy. ``Other than the home we live in, everything else is for sale,'' she said. ``We are fighting for liquidity. We don't want to go bankrupt.'' " Don't want to go bankrupt and we are fighting for liquidity is not saying they are broke. Ken Lay is on the board of Eli Lilly and Compaq among other firms and has excercised options for years. I'm sure they are thinking of the future legal problems they will have and are trying to become liquid to see what they have to fight the costly criminal/legal battles that will indeed be fought. Of course I feel your title is just another method of you trying to make Enron look bad by then showing his personal assets. If he is guilty they should seize all of his assets and distribute them to employee pension plans and he should serve prison time for fraud, but in my research of Enron, I feel he was guilty of not disclosing information to the public once he found out about the partnerships and the increased debt of Enron, but was not the true culprits in making those partnerships to fund volatile, risky operations and then hide their losses.
In fact, Lay had made some bad decisions for Enron, but he did not make them alone. Experts have said several times when this first came about that Enron had made some risky investments and should have stuck to what they knew, instead of branching out. I'm glad to hear you think that he WAS guilty of not disclosing imformation to the public about the debt, because that's insider trading and thus illegal. And he made a lot of money off of it and lots of people lots EVERYTHING off of it. You kinda negated your own argument.
I saw her on the news the other night and she was trying to play the sympathy card. It is good enough for them. Those idiots dont know what broke is. They got greedy and tried to make as much money as possible and they cheated and ****ed over the people who trusted them. I hope the whole bunch of them have charges brought against them and they go to a federal pound me in the ass prison for a very long time.
Princess, Like I have always said, this is my opinion, stating that Ken Lay simply took the helm of the titanic when the rudders were too small to miss the iceburg. I want him punished if it turns out he did do insider trading, but the people I REALLY want punished harshly are the ones that schemed to create the outside partnerships to funnel debt outside of Enron to fuel their bad investments and keep their Moody's / S&P rating.