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Posts Tagged ‘ sub-prime ’

28 July
Posted in General
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Have you seen a funny quote from someone in an obvious sate of denial? Let us know. “Household’s position on predatory lending is perfectly clear,” said Gary Gilmer, president and CEO of HFC and Beneficial. “Unethical lending practices of any type are abhorrent to our company, our employees, and most [...]

HSBC USA Fail

HSBC is cutting back in the U.S. after its 2003 purchase of Household International Inc. required it to set aside more than $65 billion for bad loans

Update Note

HSBC car loans were sold to Santander USA in 2010 :: Most HSBC credit cards became Capital One credit cards in 2012 :: HSBC horrible predatory home mortgages are in run-off