Bankruptcy laws were changed and strengthened in 2005. Then greedy banksters, mortgage brokers, and lending companies felt safe. They could do whatever they wanted to do, since it was harder to declare bankruptcy. Nationally, the total number of bankruptcies filed in the first half of 2008, however, rose 29.2 percent, to 522,205, […]
This quote, which is on the public record, is taken from Alan Greenspan’s testimony before the Committee on Financial Services, U.S. House of Representatives, July 20, 2005:
“The apparent froth in housing markets appears to have interacted with evolving practices in mortgage markets. The increase in the prevalence of interest-only loans and the introduction of more-exotic […]
Layoffs continue due to restructuring within HSBC Finance as HFC and Beneficial Finance employees look for more information. A brief search of Google News tells very little. Aside from subprime losses, we learn instead that HSBC unveiled a climate change fund, that HSBC rewards customers for their patronage, and something about a global […]
August 29, 2004
By: Household - HSBC Watch
In figures released today, just prior to the Republican National Convention, Bush’s approval rating on the war on terror was just above 50%. On handling the economy, however, Bush has a 30% approval rating. This comes on the heels of Alan Greenspan’s warning about the future of […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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