A drug dealer spreads poison through the neighborhood while encouraging thefts, robberies, and burglaries to pay for the drugs. Drugs poison our neighborhoods, cities, and towns. Investment banks and global banks are no different if they sold poisoned merchandise. Take the case of Lehman Brothers. Lehman was the dominant marketer of […]
No doubt HSBC is interested in buying Lehman Brothers. Remember the iPhone mis-information? While the Australian MIS officer said HSBC could replace Blackberrys with iPhones, London said the opposite. Regarding the Lehman deal the opposite strategy is perhaps true. No word from London, while the HSBC Asia chief executive officer speaks […]
HSBC bought a failure in 2003 when the bank bought Household International. Why couldn’t HSBC turn the failure in to a profit center? Because real bankers do not understand finance companies. London was far removed from a branch manager trying to collect from a customer. Simply said, when HSBC bought William […]
Other banks and investment banks looked for foreign capital and losses continued. In some cases it was a further erosion of American companies. HSBC plc is the same, although as a global bank it is easier to disguise. HSBC needs money. HSBC Holdings has met with China Investment Corp (CIC), China’s […]
HSBC was reported to have set a July 31, 2008, deadline for sealing the KEB deal. Yet, there is little possibility that criminal proceedings with the two pending cases will be completed by the end of the year, let alone within a month or two. The financial regulator’s rigid position is adding to speculation that […]
Some of us remember when Wachovia was a small North Carolina based bank. This week Wachovia hired investment bank Goldman Sachs to advise it of its options on its decimated loan portfolio. Wachovia said that Goldman will “perform analytics on our loans to evaluate various alternatives. One does not think of Wachovia as […]
How are HSBC and high gasoline prices related? Prices are driven by speculators. We “are experiencing demand shock from a new category of speculators: institutional investors like corporate and government pension funds, university endowments, and sovereign wealth funds,” said Michael Masters, managing member of Masters Capital Management, a Virgin Islands-based hedge fund. “Index […]
How are HSBC and high gasoline prices related? Prices are driven by speculators. We “are experiencing demand shock from a new category of speculators: institutional investors like corporate and government pension funds, university endowments, and sovereign wealth funds,” said Michael Masters, managing member of Masters Capital Management, a Virgin Islands-based hedge fund. “Index […]
As litigation and suits begin in the subprime arena, websites like Mortgage Blues added discussion areas specifically for suits and settlements. Now you can add Burns & Levinson LLP to the list of law firms that has added a subprime practice to deal with the fallout of the collapse of the subprime […]
Why did the subprime money pipeline shut down? And which bank was buying mortgages from brokers and lenders? HSBC of course. Subprime and second mortgages were to HSBC like Household International was to predatory lending - an easy ride to profits. Or so they thought. Second mortgages? Sorry, but HSBC has […]
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An open letter to HSBC, Knight Vinke and Stephen Green
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.
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