[mmmmmmmm....... donuts]

You completely misrepresented the 401k situation of Enron workers. They had limited investment choices, and they COULD NOT get out of Enron stock amid the freefall. You should learn what you talk about before speaking such gibberish in the future.

[ArneFufkin]

Really? When was the lockout date?

[Wphile]

Yes they could get out of their Enron stock. They could sell their shares, purchased with their own contributions, any damn time they wanted. What they couldn't sell, were the Company matching contributions which were given in Enron stock. They could sell those if they were over 50. There were 20 investment option plans to choose from.

So, the bottom line is...they could have sold their own shares. What they couldn't sell were the shares given to them by the Corporation for which their actual cost was zero. Now, they can argue that they should be allowed the basis of that stock when it was awarded. I'd go along with that but it won't be anywhere near the amount that they are claiming to have lost. What they lost was nearly all in unrealized gains just like lots and lots of people in the market over the last few years.

[Howlin]

Oh you are so wrong; they could have gotten out any time from January of 2001 to October 15 of 2001.