Thursday, September 20, 2007

American Home Mortgage Goes After Retirement Funds - Credit Market * US * News * Story - CNBC.com

Bankrupt American Home Mortgage is attempting to seize as much as $27 million that former employees set aside from paychecks for retirement, according to an attorney representing them.

Let's be clear, this is the exception, not the rule. These folks were crooked, and hoped that housing appreciation would cover their tracks.

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