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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (55663)	9/30/2009 10:15:22 PM
From: energyplay	Read Replies (2) \| Respond to of 217872

I was surprised when HSBC bought Household - I think they paid a premium, also. A premium for a lender which tended toward the bottom of the market. Someone must have wanted to get into the American market in the worse way. They found the worse way. nytimes.com Why they did not buy something else don't know. Like a middle market loan company, or a West Coast bank.

To: TobagoJack who wrote (55663)	10/1/2009 6:43:49 PM
From: Ilaine	5 Recommendations Read Replies (1) \| Respond to of 217872

Ah, that explains it. Thank you for the history lesson. I am always willing to learn more, but am too busy filing bankruptcy for HSBC debtors to worry about who they are. I am now more than happy to tell clients, who can't understand why HSBC is so aggressive and unreasonable compared to other lenders, that HSBC is a Chinese company. ;^) Even the ones who wish they could pay their debts without filing bankruptcy will understand why this company is forcing them into bankruptcy. I tell creditors -- if you want your money, bleed them gently. If you hit a major vein or artery, they're headed straight into bankruptcy. HSBC goes for the jugular vein.