Bill Nelson: “It is unconscionable. One of those we had testify in our Commerce Committee was Janice Farmer, an Enron retiree who lost…”

“It is unconscionable. One of those we had testify in our Commerce Committee was Janice Farmer, an Enron retiree who lost her entire life savings that she had built up in a retirement plan from Enron. In her case, it was $700,000. She has nothing now. And then, I suppose it also would not surprise the distinguished Senator that, while we are talking about these excesses of corporate irresponsibility and corporate greed, the Florida pension fund for the Florida retirement system had a loss of $335 million--more losses than any other State--from Enron stock purchases, and that the money managers of that Florida pension fund, which covers all of the public sector retirees in Florida--the money managers kept buying Enron stock, based on the assertions from the company's management that everything was OK, that doesn't surprise us either, does it?”