Subprime Meltdown - See Live Customer Complaints
HSBC recently set aside billions of dollars for subprime losses. After analyzing SEC filings it was later determined that businesses within HSBC Finance Corporation were effected. Those include unsecured second mortgages, unsecured credit card debt, subordinated positions, and some home mortgages. This blog, and the horror stories published herein, show what the subprime meltdown looks like from the customer’s side. You can start here.
HSBC set aside almost as much for losses as they paid for all of Household International in 2003. This article is classified under subprime watchdog issues.
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