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Ken Lay, Wife Lose $889,000 on Property

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Generic Other Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 05:13 PM
Original message
Ken Lay, Wife Lose $889,000 on Property
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
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MaineDem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 05:15 PM
Response to Original message
1. Gee, I could almost feel sympathy
Nahhhhhh

:nopity:
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stilpist Donating Member (335 posts) Send PM | Profile | Ignore Mon Aug-04-03 05:19 PM
Response to Original message
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.
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Jacobin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 05:21 PM
Response to Original message
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:
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patdem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 05:21 PM
Response to Original message
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
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PaDUer Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 10:28 PM
Response to Reply #4
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!
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nothingshocksmeanymore Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 05:22 PM
Response to Original message
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*
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arcane1 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 05:23 PM
Response to Original message
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
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patdem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 05:24 PM
Response to Original message
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
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NYC Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 05:26 PM
Response to Original message
8. When he parts with the rest of the stolen money, and
complains from behind bars, let me know.
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diamond14 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 05:27 PM
Response to Original message
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 ???
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Marymarg Donating Member (773 posts) Send PM | Profile | Ignore Mon Aug-04-03 05:27 PM
Response to Original message
10. Cry me a river!
Couldn't happen to anyone more deserving. Ken Lay should be in the penitentiary.
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BiggJawn Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 09:57 PM
Response to Reply #10
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.
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xray s Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 05:28 PM
Response to Original message
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.
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blondeatlast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 05:34 PM
Response to Original message
12. Well, booHOOhoohooHOOOO.
Edited on Mon Aug-04-03 05:35 PM by blondeatlast
Make that:
Bwahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha!

:evilgrin: :party: :bounce:
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BeatleBoot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 05:52 PM
Response to Original message
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)
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gristy Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 07:33 PM
Response to Reply #13
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.
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Robb Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 05:54 PM
Response to Original message
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.
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Gin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 06:28 PM
Response to Reply #14
15. Let them eat cake....bastards.
gin
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KC Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 06:38 PM
Response to Original message
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
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mitchum Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 06:38 PM
Response to Original message
17. Cue the violins...
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hrhjustin Donating Member (124 posts) Send PM | Profile | Ignore Mon Aug-04-03 06:57 PM
Response to Original message
18. We all know...
thatkenny boy is guilty but the trial wont be till after nov 2004
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robbedvoter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 07:11 PM
Response to Original message
19. I say: tax payers should bail him out! Ann Richards would want it
that way!
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cmd Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 07:45 PM
Response to Original message
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.
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mbperrin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 07:50 PM
Response to Reply #21
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!)
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ElsewheresDaughter Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 08:10 PM
Response to Original message
23. aww my heart bleeds purple peanut butter for her
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 08:12 PM
Response to Original message
24. What happened? It fall out of his pocket?
Edited on Mon Aug-04-03 08:15 PM by aquart
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imax2268 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 08:16 PM
Response to Reply #24
25. that's terrible...
and still no conviction...

what a shame...

yea...right...I don't feel sorry for them one bit...!
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Best_man23 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 08:18 PM
Response to Original message
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.
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MODemocrat Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 08:28 PM
Response to Original message
27. Maybe we should take up a collection for those poor people
My heart just aches for that above the law jack-ass.
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Yo_Mama_Been_Loggin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 10:00 PM
Response to Original message
29. Ain't that a bitch
:nopity:
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JackSwift Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 11:18 PM
Response to Original message
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.
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Tom Kitten Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 11:43 PM
Response to Original message
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...
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mbperrin Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Aug-04-03 11:52 PM
Response to Reply #32
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
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Voltaire99 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Aug-05-03 03:27 AM
Response to Original message
34. Off with their heads!
$889,000 is merely a downpayment.
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