HSBC Auto In Branch is dead while mortgages may be next

This message was received today: “AIB (auto in branch) has been dead for a while. Insiders say mortgages are next to fall. The company has rookie managers in charge of branches and they can’t work a calculator. It gets worse; same old tactics with insurance and security products. If the Justice Department is not watching, they should. The ax is falling and should go all the way. Anyone who thinks they are safe is fooling themselves. Unsecured loans will not support a company needing $50 billion to stay alive. This ship is on the way to the bottom. Emerging markets cannot sustain the losses.”