Direct examination:

THE COURT: All right. You may ask the question [about the reaction of the Board to revelations about the Enron financial situation]. Ask it in a very focused manner.

Q: Ms. Rieker, what do you recall the response of the 25 board members to be when that table of loan activity was presented?

A: They were outraged.

Q: Do you recall any particular response from any particular board member?

A: Yes. I do.

Q: And what was that?

A: Mr. John Duncan explained that Mr. Lay was using Enron like a damn ATM machine.

Defense attorney: Your Honor, objection again. They're not going into specifics. They're going beyond the reaction.

THE COURT: No. They are. They're citing details of the reaction. Overruled. What did he say?

THE WITNESS: Mr. John Duncan explained that Mr. Lay was using Enron like a damn ATM machine.


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