According to my superiors within HSBC Finance, HSBC will not be participating in the government bailout for the following 2 reasons. 1) HSBC has billions and billions in cash stockpiles and has access to these funds in the event its subsidiaries really need to use this money.

2) Aside from number 1, company officials have expressed that the biggest reason HSBC is not going to participate in the bailout is because HSBC does not want government regulators involved in HSBC’s day to day business any more than they have to. Officials have expressed that welcoming the bailout bill would impose more strict sanctions, regulations, etc. that the company doesn’t/isn’t adhearing to already. Participating would only have lawmakers and regulators looking a little more ‘too closely’ to the crooked stuff HSBC does.

Related posts:

1. HSBC received $3.5 Billion of AIG bailout money
2. Beneficial Mortgage Corp caught by HUD in Puerto Rico
3. Is HSBC’s bailout refusal hiding their balance sheets from others?
4. HSBC license in Mexico is solid while Citigroup is examined
5. Is HSBC hardship program tied to bailout?