To: YaYa123
I thought I'd never say this, but CNN deserves a big kudo. Brooks Jackson just delivered a report on Wolf Blizter's Late Edition. He peeled back the onion on the ENRON employee stock option and correctly pointed out that the employee's had plently of opportunity to bail out of the ENRON stock in their 401K's. Only 11% of employee's ENRON holdings were in ENRON matching and thereby restricted. The rest could have been sold, those who didn't sell, had gotten rich on paper voluntarily buying lots of ENRON.
Moreover, he pointed out that the 401K was only locked for 10 trading days in October (employees had been notified about this change in February). During the lockout, ENRON fell about $3 to $4 per share.
Great report, Brooks did his homework on this one.
To: centurion316
I saw it.........he did a GREAT job. He refuted practically every single word John Edwards said!!!!!
164 posted on
01/13/2002 9:16:51 AM PST by
Howlin
To: centurion316
Kudos to you for your # 161 report!!!!!
Last night on Capital Gang, Bob Novak told viewers that Brooks Jackson had a great report coming up on Blitzer's show. CNN will replay it often, but we need to spread the word.
So much of this hand wringing media coverage about the poor, pitiful ENRON employees is nothing more than the media echoing Henry Waxman. A combination of 1. Ignorance on their part. 2. Laziness 3. And a overwhelming desire to get the goods on President Bush, VP Cheney.
I'm with Bill Kristol on this...it's not a Vast Left Wing Conspiracy. Media elite goons and whores don't need to conspire with one another..it's a congenital defect in their New York, Washington gene pool.
179 posted on
01/13/2002 9:35:54 AM PST by
YaYa123
To: centurion316
Ref: Your # 161
I'm still looking for a transcript of Brooks Jackson's report.....It was being replayed just seconds ago, but got interrupted midstream, for President Bush's speech from a John Deere plant.
One key point I heard him make, was the lock-down didn't occur till October 26, and employees had been notified it was coming.
289 posted on
01/14/2002 7:11:07 AM PST by
YaYa123
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