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.
www.cnbc.com/id/20829623
The most disturbing line:
"The bankrupt Melville-based American Home Mortgage 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. 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. . .
www.cnbc.com/id/20829623
The most disturbing line:
"The bankrupt Melville-based American Home Mortgage 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. 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. . .