skippy the bush kangaroo: brownskinned folks aren't destroying america

Tuesday, May 02, 2006

brownskinned folks aren't destroying america

it's pasty white ceos

Example

jurors at the federal fraud trial of enron corp. founder kenneth lay got a glimpse at his lavish lifestyle, including homes in aspen, a vacation on the french riviera and $20,000 spent on antiques in Spain.

prosecutor john hueston introduced the details to suggest that lay had many ways to cover margin calls issued by banks to which he owed millions of dollars in 2001, just before enron imploded.
instead, lay borrowed cash in $4 million chunks from enron -- and to pay the loan back each time, he sold the company shares of his enron stock, sales that did not have to be disclosed immediately to the public.
when hueston asked whether lay considered cutting personal expenses so he could borrow less cash from enron, the ex-chairman said he could not simply turn off his lifestyle "like a spigot." - ap

"you saw to it you were taken care of before the enron employees," hueston said. he showed the jury that lay took a last $1 million in cash from his revolving credit line just days before he told employees that after the impending bankruptcy filing that they'd be paid a maximum $4,650 per person.
"i wanted to make sure we were not personally filing for bankruptcy," lay said. - houston chron

kenny, who?

posted by Cookie Jill at 7:07 AM |