"There is no question that guarantees have been given to failed managements," says HSBC (HBC)...

|About: HSBC Holdings PLC (HSBC)|By:, SA News Editor

"There is no question that guarantees have been given to failed managements," says HSBC (HBC) CEO Michael Geoghegan about national bailouts for Western banks. "I hope these guarantees don't last too long because they may create the wrong type of behavior by managements in those banks."