Message #20814

[andream]

It is most assuredly the end.  What's worse, Enron, urged it's employees at lower levels to continue to buy stock, then limted the number of shares they could sell, while highly placed executives were dumping their stock as fast as they could.  The result? Secretaries, lots of them, who believed in their corporation, who believed their bosses when they said, "No really, it's all just rumors, everything will be fine", these people are without pensions, some (many) of them investing their entire life savings in stock over and above their limited stock options, because they believed.

Enron in the next few weeks has a great deal to answer for, as to furutre employability, who can say? The markets near Enron offices are already flooded with Secretaries who are caught in a budding recession, and now jobless.  It's sad, and sader still is the fact that there appears to be a Presidential Stamp of Approval on Enron, enough to cause normally cautious people to use their life savings in order to ride  what they thought was a polticitcally connected, politically endorsed gravy train.  I'm betting GeorgeW isn't out of the woods on this one, though my pipline isn't as clear as it used to be. I am outraged, I am concerned and I don't think we've heard the end of the actual political involvement as far as Enron is concerned.

Andrea