The Five Dumbest Things on Wall Street This Week

1. Timeshare

Five years after the collapse of Enron, Ken Lay and Jeff Skilling are headed for jail.

A federal jury in Houston convicted the former Enron chiefs Thursday. Jurors found the men guilty of fraud and conspiracy in the energy trader's 2001 collapse. A Sept. 11 sentencing will decide whether they spend the rest of their lives in prison.

Despicable as Lay and Skilling are -- what with the lying, the pumping-and-dumping, the outrageous pay -- perhaps the most galling thing about the scandal was their defense at the trial.

"This is not a case of hear no evil, see no evil," Skilling lawyer Daniel Petrocelli insisted in February, The Wall Street Journal reports. "This is a case of there was no evil." ...