Aww, Too Bad

Well it appears America needs to take up a collection for poor Ken Lay. Once the king of Enron, Ken has fallen into hard times. Let's all chip in and help him rebuild his life. After all, he gave up everything while attempting to fleece his employees and electricity consumers across the nation. After all, this is America, the land where every little boy can grow up, cultivate rich, powerful, and crooked friends, and then become buddies with the President. What better way is there to become rich?

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.

In addition, Mr. Lay, 63, faces potential liability from lawsuits that were filed against him by shareholders and others after Enron's collapse that would almost certainly force him into personal bankruptcy. Mr. Lay may also be forced to forfeit his remaining home, along with some other assets, if he is convicted in the criminal fraud trial that is now taking place in Houston.

The tears keep flowing, can't we all lend him a hand?
Posted on The Human Stain