Jun 3, 2005 — NEW YORK (Reuters) - Saks Inc.
Archive for the Category »Sarbanes-Oxley «
William Aldinger leaves HSBC Bank for retirement, taking approximately $36 Million (USD) for three years of “work.” But as legacies go Aldinger shall forever remain famous in the field of predatory lending. His children will constantly hear the reminders of the elderly like Mr Myers. Myers, 66, was left owing a third more than his home was worth, scaring away rival lenders that might have come to the rescue. Madie Wilson, age 89, was evicted from her home. Running a pay for performance oriented predatory lending operation that was out of control, Aldinger and his employees sought blood money through lies and deception. “Even federal regulators didn’t want to take responsibility for Household Finance Corporation” said a member of the OCC in an interview with Household - HSBC Watch.
Consumer watchdogs close to one investigation say there may soon be more names than those mentioned in the following article. “Look to the predatory lending industry for more scandals as fuel costs rise, hardships develop, and regulators get tired of abuses” said one unnamed source. “As President Bush signs legislation into law, he can’t allow rogues to circumvent those laws while making the president look bad.” Here is one article:
Category: 05 All Articles, Racketeering, Sarbanes-Oxley
One Comment
HSBC acquired the Bank of Bermuda Limited, which HSBC says is “a leading provider of fund administration, trust, custody, asset management and private banking services; and shares in HSBC Holdings are listed on a fifth stock exchange, in Bermuda.” Don’t let the word “leading” mislead you. HSBC called Household International “a leading US consumer finance company.”
Category: Sarbanes-Oxley, You Should Know
Leave a Comment
FBI OPENING THREE TO SIX NEW $100 MILLION
CORPORATE FRAUD CASES EVERY MONTH
WASHINGTON, D.C. FEBRUARY 23, 2005
Category: Sarbanes-Oxley, You Should Know
Leave a Comment
