July 07, 2004
Lay's Indictment
Bet they can't stop at just one...
Former Enron head Ken Lay is finally about to receive his just desserts - in the form of a criminal indictment.
Despite protestations of innocence - ridiculous in the extreme, considering his position - Lay will perform a speedy surrender to authorities worthy of the French.
It is important that Lay, along with other vulture capitalists who abuse the system with fraud and deception, pay a maximum price for poisoning the American economic well. The system works because there is trust in the system, and in the numbers. Poisoning the system renders it unreliable, and unreliable is the least favorite word of capital investors. It is incumbent for all unapologetic free market capitalists - we among them - to be vigilant in policing the excesses and abuses of the market, and demanding accountability and prosecution to the full extent of the law when abuses of our free market take place.
We can demand the invisible hand remain free, as long as it's not playing three-card Monte with the economy...
Posted by MEC2 at July 7, 2004 11:15 PM