Byron Dorgan: “This man put $330,000 into a 401(k) account and invested in Enron…”

On the recordOctober 17, 2002

This man put $330,000 into a 401(k) account and invested in Enron stock, a move that he felt would give he and his family security in retirement. He wrote a letter saying that 401(k) account is not worth $330,000 anymore; it is $1,700. It breaks your heart.

Said by

Byron Dorgan

Democratic · North Dakota

Source

govinfo.gov

Editor's note · Context

Discussing the financial impact of Enron's collapse on individual investors.

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Byron Dorgan: “This man put $330,000 into a 401(k) account and invested in Enron stock, a move that he felt would give he and his…”

Editor's note · Context