For Ken Lay, Enron's Riches Turning to Ruin "For Kenneth L. Lay, it has been a true reversal of fortune — and not just in the courtroom. Once at the pinnacle of Houston's financial and political elite with a fortune worth as much as $400 million, Mr. Lay, the former chairman of the Enron Corporation, is now facing financial ruin. While he has talked about his shrinking wealth since Enron's collapse, he has managed to keep up appearances, continuing to live in a full-floor apartment in the city's affluent River Oaks section. But already, according to personal financial records obtained by The New York Times, Mr. Lay has fallen out of the ranks of the city's millionaires, with a stated net worth of less than $650,000. And that financial assessment is probably on the optimistic side. His assets, for example, include $1.9 million held in a trust that is almost sure to be eaten up by legal fees".Poor Ken 'Kenny Boy' Lay, the man who ruined the lives of thousands of people who worked at Enron and who through the cooperation of Dick Cheney, stole billions from Californians, is almost broke. Almost broke, if you count being down to his last $650,000, that is. It couldn't happen to a nicer crook, or a bigger contributor to another thief, George W. Bush. 'Kenny Boy', a nickname given to him by Bush, contributed even more to Dubya than even Jack Abramoff. Why is Dubya so closely associated with so many criminals?
Sunday, February 26, 2006
Kenny 'Poor Boy' Lay
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National Debt
On August 15, 1935, Wiley Post, the first pilot to fly solo around the world, and American humorist Will Rogers were killed when Post's plane crashed on takeoff from a lagoon near Point Barrow, in Alaska.