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Sunday, March 1, 2009
3:00 PM TweetThis
  • HSBC (HBC) plans to cease U.S. personal loans and mortgages, but will continue to provide credit cards. (WSJ)

This news story has 6 comments:

  •  
    I wonder why? Maybe because most homeowners are ready to mail in their house keys if they see there over levereged neighbor getting a handout for not managing their money properly.
    Mar 01 04:40 PM | Link | Reply
  •  
    Dear Surfer:

    Folk that complain because their neighbors are getting help are truly loathsome and disgusting and down-right ugly.

    No one can know whether those getting help are "over-leveraged."

    But what can one expect from someone that flunked out of fourth grade. (1) Learn the difference between "there" and "their." (2) neighbor . . . . not managing their money properly." "Neighbor" is singular; "their" is plural. If you were literate, you would know that a pronoun must agree with the proceeding noun in number and case." (3) You misspell "leverage."

    Lordly, three really gross mistakes in one sentence. Your conceit definitely is over-leveraged.
    Mar 01 06:19 PM | Link | Reply
  •  
    Dear Jan Rogozinski the fact that some body do not write properly on English ( Surfer1104 ) DO NOT mean that one comment is wrong or stupid !

    Actually in all this years living in America I can say : There is always people like you when there is no arguments against some body's thought they are turning there critics ALWAYS against his/her English !

    Hey buddy there is 4000 million people on this planet DO NOT speak , wright or read English ! And there is a lot bright one too !
    Mar 01 10:19 PM | Link | Reply
  •  
    Well, I guess Conan the Grammarian strikes again :)



    On Mar 01 06:19 PM Jan Rogozinski wrote:

    > Dear Surfer:
    >
    > Folk that complain because their neighbors are getting help are truly
    > loathsome and disgusting and down-right ugly.
    >
    > No one can know whether those getting help are "over-leveraged."
    >
    >
    > But what can one expect from someone that flunked out of fourth grade.
    > (1) Learn the difference between "there" and "their." (2) neighbor
    > . . . . not managing their money properly." "Neighbor" is singular;
    > "their" is plural. If you were literate, you would know that a pronoun
    > must agree with the proceeding noun in number and case." (3) You
    > misspell "leverage."
    >
    > Lordly, three really gross mistakes in one sentence. Your conceit
    > definitely is over-leveraged.
    Mar 01 10:22 PM | Link | Reply
  •  
    Frankly, I wonder if HSBC's decision is optional or forced. As one of the thousands of attempted-home buyers in July 2008 who found a home, locked in a fixed rate, put 10% down for our condo/newdev....and found their committed HSBC loan pulled for various technicalities, I pray no potential homeowner ever knocks on HSBC's door.

    HSBC decided to pull thousands of committed locked loans after rates spiked. It saved them millions, i'm sure. But it infuriated buyers, many of whom lost their 10% contract fees (as I did.) It also put HSBC in the target of various state Attorney Generals (my case is with them.)
    Mar 01 11:07 PM | Link | Reply
  •  
    The govt. needs to come out with the truth. I believe the American people deserve it. And that truth is that our entire way of life is being threatened by only 10% of the population. Our banks are insolvent because of it. We were way too highly levered for the past 20 years and now everybody is paying the price.

    People who live in California wont see a difference whatsoever, because the federal taxes are being cut, but our state taxes are going up. It balances itself out. So what does that mean? It means, not a single thing will change in California.

    HSBC? There are a thousands reasons for there actions. It all comes back to the basic reason: home mortage defaults have ruined our economy....Its shocking how only 10% of the people who own a house, default and fuck the entire American economy up. There are other reasons, but this is the common denominator
    Mar 02 02:54 AM | Link | Reply
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