I never said it did. I said that creating the appearance that there is something to hide causes a problem for the president.
Read his comments and then see if you still think "regular folks" were taken.
I've read them, and while I don't claim to be an expert, my initial reaction is that his argument is a little ridiculous. While some people might well have decided to sell based on falling stock prices, the truth is, the freeze occurred prior to the lies about Enron's finanical condition being exposed, and the 401(k) shareholders were prevented from protecting themselves in light of those revelations. Those folks were used to help artificially prop up the stock price, and then were prevented from getting out in the public market. I don't think it's unreasonable for people who believe in the free market to find that questionable at best, and possibly actionable.
Enron was a one week story. We already see the media backing off. It's over.
It would be nice if you were right, but I really think this is wishful thinking. Time will tell.
Even if Enron management attempted such a clumsy maneuver (they maintain that the ten trading days when the 401k was unavailable was necessary to effect a transfer of the plan from in-house to an outside manager), it would still only concern Enron itself, and, in all likelihood, the matter could be settled in civil court.
None of it should be of any concern to the Bush WH.