http://www.msnbc.msn.com/...
Hmmm. Pardon the loud thoughts on the recently deceased, yet I couldn't help but wonder if Ken Lay did actually die from "a massive coronary" as reported, or if it might have involved foul play (e.g. a subtle, Milosevic-styled 'offing').
You see, Lay's recent trial defense of "a classic run on the bank" leading to the ruin of Enron isn't totally without merit or credibility. The US government lobbied India to the very last second before Enron's chapter 11 filing in order to secure an Indian natural gas deal for Enron. Indian obstinacy, coupled with 9-11's collective fiscal aftermath, decimated Enron's chances of being able to survive a shake-out, and speculators were thus given the go ahead to trash Enron, thereby triggering a collapse in said firm's public equity holdings in the face of high leverage.
The firm's intricate accounting schemes and shenanigans (which are more common amongst massive corporations than you'd think......otherwise Fannie Mae would have similarly tanked a couple of years ago as well) weren't necessarily or ULTIMATELY responsible for its demise.
Why would Lay need to be taken out of the picture, then, if he was going to face decades of prison time anyway? Lay was awaiting an appeal, in which ugly government partnership details might have possibly surfaced, with names named.
Sure, it sounds like a stretch. Yet this oddity occurred not too long ago as well:
http://www.cbsnews.com/...