Lay Finally Emerges
Kenneth L. Lay just poppped out of the court house with his family. The holdup: He had to come up with the $5 million required for his bail so he could go free.
CBNC was reporting that there were federal agents in Lay's luxury Houston penthouse -- the last liquid asset he has (he testified he has an annuity for retirement of about $10 million, if I recall correctly) -- pricing assets to see if they added up to $5 million. The network also reported that family members had to sign forms vouching for Lay, i.e., pledging their assets to his bail.
When he came out and faced the media, he made a brief statement, proclaiming his innocence and saying he'd have more to say later.
"I am still a very blessed man," he said, next to his wife. "I have a very warm and loving Christian family that supports me. Most of all, we believe that God in fact is in control and indeed He does work all things for good for those who love the Lord. And we love our Lord."
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