Monday, April 10, 2006

The "Wonderful Life" Defense

BBC NEWS | Business | I'm innocent says ex-Enron chief
As he began the questioning Mr Petrocelli noted that many of Mr Skilling's former colleagues had pleaded guilty to crimes associated with Enron's collapse, and agreed to cooperate with the prosecution.

During the trial, the defence has consistently argued that they were actually innocent and had been pushed into making guilty pleas to avoid trials or long prison sentences.ance itself.

[...]

Mr Skilling has argued that he is innocent and claimed that Enron collapsed because of a lack of market confidence and a "run on the bank" situation when creditors called in loans and the firm did not have enough money to finance itself.
Oh, c'mon! Who cops a plea when they're innocent? Only idiots and people with idiot lawyers (or people being railroaded, which is hardly the case here). The last part says it all. They were a house of cards that came tumbling down, and it was their fault.
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