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Hilarious Subprime Anxiety at HSBC

0 Comments Published March 7th, 2008 in Banks.

I had to crack-up at this article over on footnoted.  In reviewing the 10k for HSBC, Rohan offers an interesting look at some of the more inane expenses for a bank that lost its fair share of money during the subprime mess.

Find more subprime information from Google

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« Bill Poole on Subprime Fall Out
S&P Says End Near for Subprime Write Downs »
This blog discusses subprime mortgage problems. Subprime problems began when lenders offered loans to potential home owners with bad credit or credit / income that did not meet the standards of traditional lending. Subprime mortgages for people with bad credit or no credit face an uncertain future. Once the hope of many to enter into home ownership has now been corrupted both by overreaching consumers and predatory lenders. I hope to follow the aftermath of this crisis.

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