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Ken Lay has died (heart attack)
Reuters | 7/5/06

Posted on 07/05/2006 7:03:35 AM PDT by ElRushbo

cause of death unknown


TOPICS: Breaking News; Business/Economy
KEYWORDS: arkancide; assasination; criminal; crook; cultureofcorruption; damncrook; enron; enronlist; heartattack; howconvenient; immoralbastard; karma; kenlay; kennethlay; kennyboy; obituary; quietforevermore; rovianplot; thedamned; theultimatepardon; thief; wasgoingtosqueal
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To: wideawake

Anybody who would put their life savings in a high risk, energy speculation stock was asking for trouble. They weren't crying when it was returning 20-30%, that should have given them a clue.

Pray for W and Our Freedom Fighters


481 posted on 07/06/2006 4:50:59 AM PDT by bray (Hey Zaqueeri, say hello to Hitler, Stalin and Mohamhead)
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To: jpl
Sadly, there are some types of conservatives out there who would lock up a minority in prison for life just for stealing a loaf of bread, but they bend over backwards to make excuses for dirtbags like Lay.

Oh please.

No conservative is making excuses for Lay - he was a criminal, he was convicted and he was set to do some serious time and I don't know of any conservative who had a problem with it.

Likewise, I don't know of a single conservative who believes that stealing a loaf of bread is a life offense, or a conservative who feels that culpability for the theft of a loaf of bread is intensified or diminished depending upon the thief's race.

Utter hyperbole, and the kind of rhetoric I would expect to read in a Paul Krugman column, not on FR.

482 posted on 07/06/2006 5:17:18 AM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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To: Jotmo
What truly amazes me is how quickly people here have abandoned the concept of personally responsibility for their own retirement.

Thank you.

It is absolutely pathetic.

There were Enron employees profiled on the news in the most sympathetic manner back when this happened.

People who claimed they had lost 2 million dollars.

They worked for Enron, they put their 6% pretax contribution for their 401k entirely in Enron stock, they had the free matching stock from Enron and they had used their other savings on purchases of Enron stock.

Then they held this stock from $81 to $27 without moving a muscle to diversify.

If they had put their 6% pretax contribution in index funds and had used their other savings to invest in non-Enron equities, all they would have lost was the free matching stock Enron gave them - which was found money anyway.

And these people knew when they joined Enron that they weren't guaranteed a job for life.

Why am I supposed to feel sorry for these people, let alone believe that "justice" demands they alone among all Americans should be protected from the consequences of their poor decisions?

483 posted on 07/06/2006 5:31:33 AM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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To: Rte66

In the WSJ this morning, the article said that Lay was in a rented unit in Aspen when he died.


484 posted on 07/06/2006 5:35:33 AM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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To: azhenfud

That's a *very* happy thought, for most of us!


485 posted on 07/06/2006 6:02:45 AM PDT by Rte66
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To: wideawake

Yeah, I know. I was lucky and got $.02 on the dollar.


486 posted on 07/06/2006 6:05:22 AM PDT by Rte66
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To: wideawake

Good grief! There's nothing wrong at all with trusting, especially the company you work for. It's like being patriotic.


487 posted on 07/06/2006 6:06:59 AM PDT by Rte66
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To: Rte66
Even if you trust the company you work for 100% - and I definitely feel that way about the company I work for - you still realize that your company's CEO cannot predict the future and that companies can be brought down by external forces over which they have little control.

Therefore, I am happy to have the matching stock that my company gives me, but those are the only shares of my company I own and I have the rest of my finances diversified.

I probably should sell some of my vested stock from a purely logical investing perspective, but sentiment dissuades me.

In any case, I know that if anything goes wrong with those shares, while it would be painful it still wouldn't submarine my retirement.

488 posted on 07/06/2006 6:15:51 AM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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To: wideawake

Thanks for the confirmation - I've heard it a couple more times this morning, too.


489 posted on 07/06/2006 6:15:58 AM PDT by Rte66
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To: wideawake

On the contrary, the employees may not have been "guaranteed" a job for life, verbally - but many, like me, had a parent who *did* have a job for life with one oil company.

Why would they not want to emulate what they knew to be true - what had raised them to adulthood, educated them and made them qualified to get that same benefit?


490 posted on 07/06/2006 6:20:35 AM PDT by Rte66
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To: Rte66

I don't have much sympathy for people who expect to have one job for life. Unrealistic expectations are made for disabusal.


491 posted on 07/06/2006 6:23:33 AM PDT by wideawake ("The nation which forgets its defenders will itself be forgotten." - Calvin Coolidge)
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To: Rte66

I'm glad the Great Scorekeeper allows Mulligans...;-)


492 posted on 07/06/2006 10:04:50 AM PDT by azhenfud (He who always is looking up seldom finds others' lost change.)
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To: ElRushbo
Guy even had a PHD in economics, for what that is worth now. And Sheila Jackson Lee the only politician to issue a statement of condolence at the time of the story.(Obit of sorts, Houston Chronicle)
493 posted on 07/06/2006 12:00:20 PM PDT by OBXWanderer
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To: maine-iac7
hmmm - has anyone done a recent search on how many Bubbas cronies - are still among the living? (Well, start the list after Foster and Brown - life is short, after all.)

Yikes, the numbers just keep growing. And most have heart attacks. Or lead poisoning. I saw this article today on how Lay's Death Complicates Efforts to Seize Assets. That just makes it all the creepier. Gee, Lay's untimely death just happens to complicate - or halt - asset seizure. I'm just shocked. (not) I wonder if they'll ever really recover that money and try to repay the victims?

494 posted on 07/06/2006 1:16:59 PM PDT by fortunecookie
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To: Praxeus

Amen! Too many sinners claiming free grace. Are they gonna be surprised when it's their turn to go!


495 posted on 07/06/2006 5:49:54 PM PDT by Palladin ("Governor Lynn Swann."...it has a nice ring to it!)
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To: OBXWanderer

Elder Bush said that Ken Lay was a good friend of his and he was very sad at his passing.


496 posted on 07/06/2006 5:53:51 PM PDT by shield (A wise man's heart is at his RIGHT hand; but a fool's heart at his LEFT. Ecc. 10:2)
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To: wideawake

I can think of one.


497 posted on 07/06/2006 6:05:56 PM PDT by Pelham (McGuestWorkerProgram- Soon to serve over 1 billion Americans)
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To: shield

God love him - but look who his new best friend and adopted son is.


498 posted on 07/06/2006 9:06:49 PM PDT by Rte66
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To: Rte66
LOL...I know...there was an earlier post talking about who had come out with condolences...and so I pointed out Elder Bush here in Houston did. I think it's shameful after all that Ken Lay has done through the yrs...how everyone 'cause of his current troubles have been mum toward him...again SHAMEFUL.
499 posted on 07/06/2006 9:27:36 PM PDT by shield (A wise man's heart is at his RIGHT hand; but a fool's heart at his LEFT. Ecc. 10:2)
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To: shield

Well, sorry, I can't agree with you on that. It wasn't his money to give away. KL had a lot of people fooled, except One.


500 posted on 07/06/2006 9:34:42 PM PDT by Rte66
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