The Daily Enron

Big Banks Blocking Enron Worker Severance Money
Senate Dems Buck the Big Bucks

There seems to be no end to the indignities that Enron's former employees must suffer. First, they are given 30 minutes to clean out their desks. Then, they learn they have lost their life savings in Enron's retirement fund. Many have already seen banks repossess their homes and cars. Now, a handful of large banks are refusing to release $75 million set aside for employees as part their severance packages. It seems the banks would prefer that money be used to pay down loans they made to Enron before the Houston energy giant went bust last December. And, once in a while big money fails to buy results. That happened yesterday when Senate Democrats were able to blast strong accounting reforms out of committee and onto the Senate floor. » Read more at the

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.