Skilling Surrenders to Feds. Most excellent. I guess this means that Fastow's plea bargain included 'spilling the beans' on Skilling. Now if we can just get Kenny Boy before a jury, it'll restore some of my faith in our imbalanced justice system.

The NYT:

....Flanked by a pair of attorneys, Skilling turned himself in at the Houston FBI offices just before daybreak. About 15 minutes later, his hands behind him in cuffs, he was placed in a car for the trip to the federal courthouse in downtown Houston. He was expected to appear later in the day before a federal judge on charges related to Enron's collapse, according to two sources close to the investigation who spoke on condition of anonymity.

"Under the circumstances, he is doing extraordinarily well,'' said Dan Petrocelli, one of his lawyers.

Almost exactly two years ago, Skilling bucked the trend of former Enron executives invoking their Fifth Amendment rights before Congress, telling two panels he knew nothing about serious problems at the energy trader before he quit after serving as CEO for only six months.

Barring any last minute delays, Skilling, 50, would be the highest-profile former Enron executive to date to face criminal charges. He would be the 28th individual to be charged and one of the most anticipated in the Justice Department's methodical investigation, which passed its two-year mark last month.

Another of his lawyers, Bruce Hiler, visited the federal courthouse in Houston Wednesday afternoon to familiarize himself with its layout.

Skilling's former boss, Enron founder and former chairman Kenneth Lay, has not been charged, and the sources said it was unclear if he would become a defendant.

Both men, through their lawyers, have maintained their innocence of any wrongdoing related to Enron's failure.

It was not immediately clear what charges Skilling would face, although the sources said they likely would be similar to conspiracy and fraud counts filed last month against former top Enron accountant Richard Causey.

Two years ago, Skilling maintained during testimony before two congressional panels that he believed Enron was financially healthy when he stepped down, citing personal reasons he has not explained.

The rest of the story

One has to wonder if Kenny boy is about to take a ride in an unmarked late model sedan. It may just be that Fastow was needed to get Skilling, and Skilling is needed to get Mr. Lay. I don't think that this is the case. I think Fastow knows enough to get Kenny Boy as well.

These people are criminals of the highest order, short of a few egregious offenses. Accomodations courtesy of the Federal Government will give them some time to reflect.