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Non-Tech : The Enron Scandal - Unmoderated
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To: Oral Roberts who wrote (487)1/19/2002 6:01:46 PM
From: Ish  Read Replies (1) of 3602
 
<<I'm not one for creating laws and more tape but if the people running these plans can't get people to diversify then perhaps a law could force them to.>>

I've read where Enron had 20 different plans for the 401s. Most employees went for the matching plan with ENE stock. Back in the Clinton era that looked like a lay up.

The meltdown came when they reported a $368 million dollar loss. PG&E and India both owe them over $1 billion each. Do the math. If they could have collected just the California debt this thread wouldn't be on SI.
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