Household HSBC Watch

The mortgage market and the number of repossessions — their term for foreclosures — in the United Kingdom are bad and getting worse. For motnhs we wrote that the UK is a bellweather for the United States, where the situation is also getting worse. There is one common denominator, however, and that common denominator is HSBC. What will these facts show us in the future? It is too early to tell but the outcome will be interesting.

While HSBC is making changes in the U.S. and downsizing HSBC Finance Corporation it is too early to tell if HSBC is getting rid of the evidence before a lawsuit, or just getting rid of a worthless business model.