Thanks for the CNN heads up. This is a new show, not the usual RELIABLE SOURCES repeat show from Saturday. Howie must be frantic for ratings...working 2 days a week. Wow!
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.