Archive for March, 2009
Restoring trust and confidence in any system is a slow methodical process. Restoring confidence in the United States financial system is even more difficult, but not impossible.
As mortgage blues continue, one more lender is gone from the American landscape. That lender is HSBC Finance, formerly known as predatory lender Household International.
When we first started writing Mortgage Blues we knew there would be an economic fallout. We did not know what the world’s biggest quarterly loss would look like. How does one imagine the biggest quarterly loss of any American company ever seen?