Thursday, May 25, 2006

Justice

Sometimes the system works. This is a big victory for many.

AP: Lay, Skilling convicted in Enron collapse
Former Enron Corp. chiefs Kenneth Lay and Jeffrey Skilling were convicted Thursday of conspiracy to commit securities and wire fraud in a case born from one of the biggest business scandals in U.S. history...

...Lay was convicted on all six counts against him in the trial with Skilling. Skilling was convicted on 19 of the 28 counts against and acquitted on the remaining nine.

The former corporate titans are now convicted felons facing years in prison when the panel found them guilty of running an elaborate fraud that gave the nation's onetime seventh-largest company a glamorous illusion of success...

'Grandma Millie' gets her justice.

Of course, now the pardon guessing game will begin. Will W save his old pal Kenny Boy come January '09? Or will he want to avoid having his own Marc Rich and just leave him to rot in jail? One would assume the latter at first, but after the mindblowing abuses of power the President has seen he can get away with in the past five years (not to mention Bush maybe feeling he owes Lay for his help in the 2000 campaign), it's still anybody's guess. He wouldn't do it until his last day in office at any rate.

Such future-guessing aside, today it's all good news on the Enron front.

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