Many lenders went out of business or declared bankruptcy, but major losses and write-downs from subprime continue. Lawsuits are beginning, as Ohio’s Attorney General tries to show that Freddie Mac duped investors by not revealing how risky the subprime market was. The risk to other lenders is high if a precedent is set. […]
March 2, 2005
WASHINGTON (Reuters) - Costco Wholesale Corp. , the largest U.S. warehouse club, posted quarterly earnings and sales just below estimates on Wednesday, sending its stock 2.7 percent lower in premarket trading. — end of quote –
Household - HSBC Watch, a watchdog organization, said Costco managed to disappoint even though profits were up. […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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