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To: Alberta's Child
This 21-year employee is a moron. Nobody with any financial sense would have almost their entire 401(k) account invested in one company.

You're right, the fact he was duped by his own 21 year company then wasn't allowed to sell his shares when the upper mangement was bailing out is all his fault...

But I wonder if your response would have been the same if the article was about Clinton/Enron rather than Bush/Enron....just wondering.

19 posted on 12/10/2001 8:10:35 AM PST by lewislynn
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To: lewislynn
INVESTING'S NUMBER ONE RULE: Pigs get fed, hogs get slaughtered.
21 posted on 12/10/2001 8:13:01 AM PST by isthisnickcool
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To: lewislynn
You have missed the point entirely on this one. The employees were "not allowed" to sell their shares because the shares they owned were provided by the company in the form of matching contributions. In other words, the only money these employees "lost" was the money that the company provided to them in the first place! Any employee who used his own 401(k) money to buy company stock was a damned fool.

Your question about Bush/Enron vs. Clinton/Enron is an idiotic one. If this were a Clinton/Enron story then it never would have been investigated by ABC News.

Someone needs to explain to me how the allegation in this story makes any sense. Enron has wielded tremendous influence over George W. Bush since he was governor of Texas, and has used that influence recently to push for energy deregulation. As a result of energy deregulation (as well as an oil agreement that Bush reached with Vladimir Putin last month), Enron is now bankrupt. It sounds to me as if: 1.) Enron had absolutely no influence in the Bush Administration, or 2.) Enron had lots of influence but had no idea what the f#ck they were supposed to do with that influence.

27 posted on 12/10/2001 8:23:23 AM PST by Alberta's Child
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