I feel badly for Ken Lay.  Not too bad for Skilling, and not nearly as bad for either as I do for the people who trusted them and who were screwed out of their financial future.   But to say that this sends a clear warning to potential white collar criminals -- I think the only thing that would do that is mass jailings, in bulk and frequently.  Which I 
strongly doubt will happen. So long as there is easy money to be had, there will be people who take it.
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