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 DailyEnron.com

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