S&P Says U.S. Was Minutes From Falling Below Detroit In Bond Rating Leah McGrath Goodman from Newsweek wrote a great piece about how the federal government’s rating on S&P would plummet. The Republicans caved and agreed to restore the government and extend the debt ceiling for a number of good reasons. The Democrats and the […]
HSBC Sells U.S. Consumer, Homeowner Debt for $3.2 Billion Gavin Finch & Howard Mustoe of Bloomberg wrote a great piece about HSBC divesting in the U.S. banking market. They plan on selling the mortgage servicing portfolio and branches in major markets. HSBC Holdings Plc (HSBA), Europe’s biggest bank by assets, agreed to sell a portfolio of U.S. consumer […]
Michigan Residents Must Really Believe Denial Is A River In Egypt Several months ago, I wrote a blog about how Detroit’s problems and it’s bankruptcy are just a symptom Michigan’s bigger problems. I compared Michigan residents to the morbidly obese guy you see at Walmart with an amputated foot, heart disease and renal failure wearing a colonoscopy […]
HSBC Is Reverting Back To its Roots Of Financing Criminals. HSBC Whistleblower Details How HSBC Funds Terrorists And Drug Cartels. HSBC Holdings’ Mexican branches had become so well-known to drug traffickers as the place to launder proceeds from illicit sales that cartels began using special boxes to speed transactions, US prosecutors said. From 2006 to […]
Symbol Of America’s Post Industrial Collapse Is Up For Tax Auction After a nearly two decade dispute over who owns the 40 acre 42 parcel site of the dilapidated symbol of America’s post industrial decline that has been sitting virtually empty since the Packard Automobile Company stopped building automobiles there in 1956, the city of […]
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