IrvineCommuter_IHB
New member
This is a good summary of some of the latest hits taken by the business sector as a result of the the credit crunch/housing bubble.
<a href="http://www.cnbc.com/id/20829623">www.cnbc.com/id/20829623</a>
The most disturbing line:
"<strong>The bankrupt Melville-based <strong><strong>American Home Mortgage</strong></strong> is attempting to seize as much as $27 million that employees set aside from their paychecks as retirement savings. If it is successful, the workers may never see the money again</strong>. Employees around the country say American Home wants to release retirement money from a trust fund which would put it in the hands of large creditors."
Just proves that companies really look out for their employees. . .
<a href="http://www.cnbc.com/id/20829623">www.cnbc.com/id/20829623</a>
The most disturbing line:
"<strong>The bankrupt Melville-based <strong><strong>American Home Mortgage</strong></strong> is attempting to seize as much as $27 million that employees set aside from their paychecks as retirement savings. If it is successful, the workers may never see the money again</strong>. Employees around the country say American Home wants to release retirement money from a trust fund which would put it in the hands of large creditors."
Just proves that companies really look out for their employees. . .