Ken Lay, Wife Lose $889,000 on Property

[Generic Other]

Ken Lay, Wife Lose $889,000 on Property

ASPEN, Colo. (AP)--Former Enron chairman Ken Lay and his wife, Linda, took nearly $1 million in losses in selling their four properties in town.

The couple closed the sale of their last property here, a nearly 5,000-square-foot-home, for $5.5 million Thursday, according to listing broker Joshua Saslove.

The Lays posted a $620,000 loss for the four-bedroom, five-and-a-half-bath house that they paid $6.1 million for in August 2000, based on Pitkin County assessor's records.

The couple also lost $269,000 on another four-bedroom house they sold in March for $4.5 million.



http://www.ajc.com/business/content/business/ap/ap_story.html/Financial/AP.V3945.AP-Lay-Aspen-Homes.html

[MaineDem]

1. Gee, I could almost feel sympathy

Nahhhhhh

:nopity:

[stilpist]

2. Awwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwwww

That's really a darn shame ...

... that they only lost a million.

Now, if he lost EVERYTHING, that would be closer to what he deserves.

[Jacobin]

3. Darn

One whole year of his Enron pension plan (sheltered from claims of course) down the tubes.

Guess he'll have to tap into his $100 million nest egg to fund his life style.

:nopity:

[patdem]

4. Probably sold it to close friends...and associates

these people do not loose. I am sure Ken Lay can buy back his property at fire sale prices...just wait and see

[PaDUer]

30. They probably...

worked a DEAL w/ whoever bought the properties and kept the sale price DOWN and were pd the rest in cash under the table so to speak...thus keeping the taxes lower....There's MANY people who do it this way, the same on cars..Don't forget, Lay is no dummie and knows the way around the track!

[nothingshocksmeanymore]

5. Wow these poor people are really taking it in the shorts

It is unconscienable that two people who screwed so many people should be experiencing such losses on their ill gotten gains. How are other political contributors to react when they see the astronomical losses the Lays are experiencing while being one of Bush's biggest supporters? This is an atrocity that will forever damage the finance of campaigns if huge contributors cannot expect some assistance from the government in their time of sorrow and attachment to the things they stole in life.

*sniff* *sorry this just fucks me up SO BAD* *sniff* *really I need to go mourn in private* *sniff* *stop staring at me like that* *sniff*

[arcane1]

6. that equals what? Half of one jewel in Linda's watch?

and her least-favorite watch, too!

cry me a river, Lays. When I see you on the streetcorner begging for food money, then I might grant you human-race status

[patdem]

7. These people lost money on real estate when there was a bubble

NOT...they sold to some friend at a loss and will buy back when this shit dies down....they are lying theiving corrupt beings

[NYC]

8. When he parts with the rest of the stolen money, and

complains from behind bars, let me know.

[diamond14]

9. why hasn't asscroft put this criminal in jail ??????

asscroft seems to be awful busy with things like:

investigating a bush* constitutional amendment to change states' decisions about who can marry whom...

prosecuting states who determine the right-to-die in dignity

taking cases about sex all the way to the Supreme Court...

fighting the U of Michigan's diversity...


Would it be possible to get asscroft off his ass, and have him put some people in jail who are really criminals: like bush* friend and financier: Kenny-boy ???

[Marymarg]

10. Cry me a river!

Couldn't happen to anyone more deserving. Ken Lay should be in the penitentiary.

[BiggJawn]

28. Cry me a FARKIN River!

Asshole only lost 660 kilobucks.
*I* was forclosed on, and not only took a 75 kilobuck loss, but my credit's screwed, too.

BTW, I took 75 kilobucks loss, Kenny Boy took 660 kilobucks. Now, who got the bigger bath? My annual income was only about 37 kilobucks when the house went down the tubes. Did Kenny-Ken only make 370 kilobucks that year? I didn't think so.

His 660 Kilobucks was like me dropping a quarter and seeing it roll under a coke machine.

[xray s]

11. I am sure his tax accountant will make sure...

...he gets a w/o somehow and the US taxpayers will eat part of this loss.

[blondeatlast]

12. Well, booHOOhoohooHOOOO.

Make that:
Bwahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha!

:evilgrin: :party: :bounce:

[BeatleBoot]

13. Ken Lay Got The Surplus

Love that bumper sticker at gwbush.com

By the way...

Where is Ken Lay? (Enron)
Where is Bernie Ebbers? (World Com)
Where is Dennis Kozlowski? (Tyco)

[gristy]

20. Where is Kenny Boy?

Where is Ken Lay? (Enron)

Got a mention on CBS news tonight. He's holed up in his Texas mansion. Could be indictment in the next week or two, or maybe in 6 months. The reporter really said that.

[Robb]

14. Shoulda bought in Telluride

Sniff. Sniff. Boo-fucking-hoo.

In my "first against the wall when the revolution comes" list, this guy is tops.

[Gin]

15. Let them eat cake....bastards.

gin

[KC]

16. Aww

maybe she can go work at her local Walmart for minimum wage and work overtime without overtime pay. That way she will be able to (only)dream about what she'd like to buy with her hard earned paycheck.

KC

[mitchum]

17. Cue the violins...

[hrhjustin]

18. We all know...

thatkenny boy is guilty but the trial wont be till after nov 2004

[robbedvoter]

19. I say: tax payers should bail him out! Ann Richards would want it

that way!

[cmd]

21. I just feel terrible about that..........

I have done my part to help Kenny Boy out. Because of his greed I will be paying thousands more for health care next year. My pension system took a huge hit with Enron. I want to see that ba***** in jail.

[mbperrin]

22. The Lays in trouble!!!

Now that just breaks my fucking heart!!!!!!!!!!!

Especially since he's paid his debt to society by serving that long jail term and having his property seized to pay the employees and investors he screwed!!


(Damn, gotta quit doing PCP while on DU!)

[ElsewheresDaughter]

23. aww my heart bleeds purple peanut butter for her

[aquart]

24. What happened? It fall out of his pocket?

[imax2268]

25. that's terrible...

and still no conviction...

what a shame...

yea...right...I don't feel sorry for them one bit...!

[Best_man23]

26. The World's Smallest Violin Plays for the Lays tonight

NOT!

I have no sympathy for that scumbag or his missus. IMHO, both of them should be wearing orange jumpsuits and leg irons.

[MODemocrat]

27. Maybe we should take up a collection for those poor people

My heart just aches for that above the law jack-ass.

[Yo_Mama_Been_Loggin]

29. Ain't that a bitch

:nopity:

[JackSwift]

31. 45,000 former Enron employees lose

their life savings. Cry me a f****** river Mr and Mrs Lay. How either of you can get out of bed in the morning and look in a mirror without blowing your f****** brains out is just beyond me.

[Tom Kitten]

32. Why isn't he in jail or prison?

Has he even been indicted for anything? I'd like to know, because some of my conservative bosses at my job tell me he's got a life sentence...And I must say I'm not happy with them...

[mbperrin]

33. Not even any evidence he's being investigated.

Texas comptroller invested millions in state funds in Enron weeks before collapse - nobody except me seems to care!

No, he's definitely Too Rich To Be Bothered

[Voltaire99]

34. Off with their heads!

$889,000 is merely a downpayment.