Michael Gracie » retirement accounts http://michaelgracie.com Clever Tagline Unavailable At Publication Time Thu, 04 Dec 2008 01:50:16 +0000 http://wordpress.org/?v=2.6 en Countrywide CEO Cashed Out http://michaelgracie.com/2007/09/30/countrywide-ceo-cashed-out/ http://michaelgracie.com/2007/09/30/countrywide-ceo-cashed-out/#comments Mon, 01 Oct 2007 05:20:51 +0000 Michael Gracie http://michaelgracie.com/2007/09/30/countrywide-ceo-cashed-out/

Not everyone was feeling the pain of the downward spiral in the mortgage markets. Meanwhile…

Calabasas-based Countrywide, the nation’s largest mortgage lender in terms of volume, faces a lawsuit claiming it failed to warn employees about the depth of its financial troubles, resulting in heavy stock losses in their 401k retirement accounts.

Sounds familiar.

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