You remember Bill Aldinger, former HSBC USA executive, and before that the head of predatory lender Household International. For years we questioned the good judgement of companies where Bill The Predator sat on their board of directors. Now, those companies are taking note.
Archive for the Category »Subprime «
Category: Subprime
Leave a Comment
HSBC is listed as the eighth largest subprime originator because of its purchase of Decision One in 1999 and Household International in 2003. From 1999 to 2008 HSBC donated more than $6.4m and spent $21m on lobbying activities in Washington.
Category: Subprime
Leave a Comment
The facts were perfectly clear to anyone who followed Household International before the predatory lender became HSBC Finance. I still remember William F. Aldinger’s speech to employees. I remember employees nervously asking about their pension plans as HSBC talked about buying the company.
Category: Subprime
Leave a Comment
A news article from New Jersey examines smaller local banks and their involvement with subprime lending. These smaller banks left most of the risky lending to HSBC and Barclays.
Category: Subprime
Leave a Comment
Many people thought Accredited Home Lenders was already gone. Basically the company was headed for bankruptcy, and they filed this week. Nobody will miss them, except HSBC and a few other creditors.
Category: Subprime
Leave a Comment
