[McGavin999]

``It is now clear the White House had knowledge that Enron was likely to collapse but did nothing to try to protect innocent employees and shareholders who ultimately lost their life savings,'' said Rep. Henry Waxman (news), D-Calif.

Oh yeah Henry? Let's look at the timeline:

October 16th-Enron issues public restatement of earnings indicating huge losses
October 26th-Enron contacts Evans
October 26th-Enron contacts Greenspan
October 28th-Enron Contacts O'Neill
October 29th-401k lockdown
November 12-Lockdown lifted

Now you tell me. The losses had already been publically announced and the stocks began to fall on October 16th. Just what was supposed to be done?

[an amused spectator]

For your graphical pleasure:

http://www.milberg.com/enronpress/enron_chart.pdf

Enron stock prices over the last few years. :-)