Perhaps the Fed Needs Predatory Loans

Federal regulators did little to stop predatory lending. Ameriquest and HSBC predatory lending settlements were state-driven. I suggest to our readers the reason was because the Fed needed predatory loans. Alt-A’s (define) and subprimes were partially predatory and the Fed could not issue conflicting policy statements. The OCC only issued guidelines after the wheels fell …

Emerging Markets and Fewer Regulators for HSBC

Regulatory scrutiny seems to both HSBC. In the U.K. the banks calls it ‘highly challenging’, while in the U.S. HSBC needs to watch out for state level attorney’s general. It appears as though federal oversight has once again failed. Too little too late describes new guidelines for mortgages. HSBC Finance – former predatory lender Household …

HSBC Focus On Emerging Markets Has Risks

HSBC plans to refocus on emerging markets as the bank’s experiment with Household International taught them to play elsewhere. The problem with emerging markets is that they are emerging. Take the case of China’s equivalent of the US Food and Drug Administration chief. Within three weeks the man was charged with fraud, found guilty, and …