Remember when former Enron boss Ken Lay's wife Linda went on TV and cried that "It's all gone. We've lost everything!" in perhaps the least sympathetic televised display of misery since the Wicked Witch of the West cried that she was melting in The Wizard of Oz?Well, it turns out she hasn't quite lost everything. In fact, she managed to come up with the cash to pay "all amounts currently due" to the Huntingdon Council of Co-Owners, the condo association for her luxury residence in Houston. The association had sued claiming she owed $109,000. In condo fees! That's enough to cover about 60 years of condo fees for my unit.
According to the Associated Press, "Linda Lay's assessment was based on ownership of nearly 3% of the 34-story building, the Houston Chronicle reported. She owns a 12,827-square-foot condo on the 33rd floor worth more than $4 million, plus 10 parking spaces and four storage units, the lawsuit said."
I'm on the floor crying with sympathy for this poor woman. Living all alone in that 12,827 square foot condo! Perhaps BloggingStocks readers could all pitch in and buy her a violin. She'd be a natural.
Reader Comments (Page 1 of 1)
6-12-2008 @ 3:34PM
dean said...
any orphans you want to pick on too.
6-12-2008 @ 4:11PM
pmccuan said...
What a jerk you are indeed.
6-12-2008 @ 4:51PM
Nikki said...
The author is only speaking the truth. She wasn't crying when she was living a life of luxury with stolen money. She has no right to cry to the public when there are people living much worse as a result of Enron's scam and they don't get the priviledge of begging the public for mercy. People lost everything and she still lives in a 12,000 sq foot condo. Do you have any idea how luxurious that is? That is not losing everything.
6-15-2008 @ 1:09AM
scottyv said...
To Dean and pmccuan.......... Are you f_king kidding me????? You both must either be lap dogs for Mrs Lay or ex Enron Traders............
In February 2000 the Lays paid about $4 million -- an amount greater than Lay's entire salary from Enron that year -- to buy variable annuities that will, starting in 2007, guarantee the couple an annual income of about $900,000. While stocks and most other ordinary investments are open to attack by creditors, life insurance policies and annuities are protected in many states. Variable annuities of the sort purchased by the Lays are basically tax-deferred investments wrapped in insurance policies.
Six states -- including Texas, where the Lays live -- provide the maximum degree of protection to investments in variable annuities, leaving them virtually impervious to attack by creditors.
Go f__k yourselves.