How HSBC Failed On the World Stage

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 little or no security …

Real HSBC News Sometimes Not In Google News

We looked at Google News a few minutes ago, as we do about 20 times a day. We have custom categories for “HSBC” and “Household International” and Google News shows us four headlines per section. The problem is that HSBC can issue enough warm, fuzzy, and cuddly press releases that you don’t see the real …

HSBC Slaughter Window by Opportunity, Not FICO

The following evolved into a dedicated page. Read “The HSBC Killzone” to see how this evolved. A question often asked by those harmed and hurt by HSBC is how they determine who to hurt financially. Early in the investigation one could not determine if people were targeted by their credit scores. Common sense suggests those …

Are GMAC Mortgages or GMAC for Sale?

When considering recent issues with General Motors, identity theft and the GM credit card, combined with the high cost of fuel and slowdowns in the auto industry, one must ask if General Motors is considering the sale of General Motors Acceptance Corporation and GMAC’s residential mortgages. Intelligent minds conclude that GM would not turn to …

Rooms to Go Acquires HSBC Merchant Rhodes Furniture

Rooms To Go will buy Atlanta-based Rhodes Furniture for about $48.8 million. The 126-year-old Rhodes Furniture voluntarily filed for protection under the U.S. Bankruptcy Code on Nov. 4, listing total liabilities of $19 million. The Atlanta Journal-Constitution reported that Sefner-based Rooms To Go won a court-ordered auction for the stores. The Rhodes chain consists of …