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Politics : The Donkey's Inn -- Ignore unavailable to you. Want to Upgrade?

To: Karen Lawrence who wrote (1366)	12/10/2001 2:03:51 PM
From: Mephisto	Respond to of 15516

What is sad is the Enron employees were forced to accept Enron stock in their 401K plans, and I believe they could not withdraw it until they were 54. Enron is not the only company that forces its employees to accept company stock in pension plans. I believe Microsoft and many other companies have the same practice. The companies do not have to pay taxes on the stock that they pay into the employees 401K. Kenneth would know for sure, I expect. There is suppose to be a Congressional Investigation into this practice sine Enron collapsed, but since Bush supports big business, he will probably fight any changes to Retirement plans. Now, the Bush administration talks about cutting social security benefits. I believe they want to force people to buy stock in private retirement accounts. If Bush pushes this through Congress, imagine how well he will be rewarded by US security firms once he leaves office. I'm sure Karl Rove and the others will get their share as well.