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. […]
Household International and HSBC pushed hard for bankruptcy reform, saying filers were deadbeats and scam artists. We’ve been called worse by Household and HSBC. It turns out they were wrong with their stereotype.
In what will undoubtedly be the first of many “I told you so” reports, the National Association of Consumer Bankruptcy Attorneys […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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