[palmer]

The company was later bought by Enron and those workers lost everything they had invested in their 401ks.

Is that a fact? My impression was the only way to lose everything was to choose Enron stock as the sole investment. Rather than factors beyond their control, the problem was people putting all their eggs in one basket.

[proxy_user]

And many of the Enron workers who put ALL their 401K money in Enron stock knew some of what was going on there. They participated in setting up phony trading floors, helped create complicated financial structures, etc, etc, and still invested. It really makes you wonder....

[goody2shooz]

Enron's 401(k)s were heavily weighted with their own stock. I was shocked to find that out later.