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Originally posted by doorbell412
I feel sorry for the countless people who bought useless and utter crap throughout the years.
[edit on 6-5-2009 by doorbell412]
Originally posted by burntheships
Martha was a target. There are so many more larger more egregious insider deals left untouched. That is the real culprit here in the story of the Original Post, and Story!
Bankrupt energy giant Enron said yesterday its freeze of employee retirement funds, heavily weighted with Enron stock, the day after it announced a huge loss, was part of a planned change in fund administration.
During the freeze, from Oct. 18 after disclosing the $618 million three-month loss until the funds were released on Nov. 13, the shares shed more than half their value.
The company is facing more than 60 employee lawsuits over the near-demise of their 401(k) retirement accounts.
"This is just a bunch of baloney," said Seattle attorney Steve Berman, who's representing employees who allege Enron never told them their accounts were being frozen, therefore keeping them from transferring funds
The day before accounts were frozen, Enron stock closed at $33.84. When the accounts were unfrozen, the stock was worth $9.98. Enron closed yesterday down 3 cents at 63 cents.
xAs the 401k crisis unfolds and retirees die hungry in the cold and dark, their broker will be digesting another lobster dinner over a bottle of expensive wine, while watching their 84" TV, on their yacht... So long as we trust gamblers to manage our retirement, well, they'll be gambling our retirements away.
Originally posted by wonderworld
reply to post by burntheships
Hi, Have you seen this one today?
Wells Fargo freezes pension plan