Enron II: On Steroids? Countrywide Financial being investigated

[Subdivisions]

http://www.marketwatch.com/news/story/liner-yankelevitz-investigates-possible-claims/story.aspx?guid=%7B607A3F58%2DB2A2%2D4608%2DAAB4%2DEDD674F2AE00%7D&dist=TQP_Mod_pressN

LYS&R's investigation focuses on concerns that Countrywide and the Plan's fiduciaries may have breached their fiduciary duties of loyalty and prudence to the Plan's participants. A breach may have occurred if the fiduciaries failed to prudently manage the Plan's assets, by among other things, offering Countrywide stock as a Plan investment option, requiring participants to invest in the stock, and investing and holding Company contributions in the stock at a time when the stock was not a suitable and appropriate investment option. A breach also may have occurred if the fiduciaries withheld or concealed material information from the Plan's participants with respect to the Company's business, financial results and operations, thereby encouraging participants and beneficiaries to continue to make and maintain substantial investments of Company stock in the Plan.

If you are a member of the Countrywide Financial Corporation 401(k) Plan and purchased or held Countrywide stock through the Plan, you may contact any member of our team toll free at [phone], or via e-mail at [email protected].

The economy is awash is worthless funny-money.

[Sapere aude]

1. Do I get some kind of bonus for sitting through all those Countrywide commercials?

Is that the one where the guy says, "Homeowners! Want to refinance and get cash"? I can't get to the mute button fast enough and I hate the guys looks.

[SlipperySlope]

2. Better than Gary Coleman

Better than Gary Coleman and his commercials for loans with 100% interest.

[salin]

3. I think your coinage is correct - Enron on Steroids

these current implosions have tendrils of destruction and debt running in millions of directions throughout the economy (from individual homeowners, to investors in mutual funds, to banks holding debt, and so on and so on...)