Consumer advocate and watchdog organization Household – HSBC Watch published an open letter to HSBC, activist organization Knight-Vinke, and HSBC Chairman Stephen Green. The letter as published today, November 14, 2007. The long but insightful narrative gives some history about the watchdog organization, Household International, and predatory lending. You can read it here. The letter addresses leaders of emerging nations while holding HSBC responsible for management of HSBC Finance, once known as Household International.
An interesting read with undertones of responsiblity for one’s actions, the letter mentions the eviction of 89 year old Madie Wilson, posturing by Household International to counteract bad publicity, and efforts by Household – HSBC Watch.
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