But I am sure there is more to this. I am sure by buying the subsidiary as a whole and not as assets piecemeal, they are on the hook to keep it running. We will see. HSBC is one of the most evil banks and needs to go as well.
HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials.
Obama endorsed James Comey for the board of directors at HSBC where he went on to launder drug cartel and Clinton Foundation money. When he was done he got the FBI Director post.
Right you are. Its origins and rise can be traced to the Opium wars in China, how the Delano (Franklin Delano Roosevelt) family made their fortune and developed their clout.
They bought the debt and all the insolvent, leveraged up to the eyeballs "assets" too. The 1-pound price tag was all it was worth. They're liking picking up considerable liabilities in the move in hopes of saving the structure and that this will provide them something long-term because it's serves all the well-connected leftists in Silicon Valley.
It's worth nothing. The bank's in debt up to it's eyeballs. The "trick" is that they just bought the world's biggest fixer-upper and it's still going to take a lot of money and time to get any actual value out of it. I suspect some very high profile people were talking and worked this out as a way of salvaging the holdings of very well connected people. If HSBC is any sort of intelligent, they'll repackage all of those toxic assets and try to resell them in a few months once the firestorm slows down. They'll be back to business as usual. In the meantime, this is a very dangerous position for them to take, and that's why it cost them 1 pound.
Holy crap. And here I was just joking about it.
But I am sure there is more to this. I am sure by buying the subsidiary as a whole and not as assets piecemeal, they are on the hook to keep it running. We will see. HSBC is one of the most evil banks and needs to go as well.
Agreed. Hence the anger.
Might have a very negative real value. It's now sold before people can start betting on its demise......
I am more of the mind this was a completely manufactured financial “crisis” to consolidate wealth in the hands of our enemies even further.
But I appreciate your more optimistic take on the matter.
HSBC traces its origin to a hong in British Hong Kong, and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company's initials.
Obama endorsed James Comey for the board of directors at HSBC where he went on to launder drug cartel and Clinton Foundation money. When he was done he got the FBI Director post.
https://21stcenturywire.com/2016/07/13/fbi-director-comey-board-member-of-clinton-foundation-connected-bank-hsbc/
Right you are. Its origins and rise can be traced to the Opium wars in China, how the Delano (Franklin Delano Roosevelt) family made their fortune and developed their clout.
HSBC = bad
https://en.wikipedia.org/wiki/HSBC mentioned in other comments
https://www.independentsentinel.com/lets-not-forget-muellers-hsbc-money-laundering-scandal/ Mueller shenanigans
https://www.theguardian.com/business/2012/jul/17/hsbc-executive-resigns-senate Cartel shenanigans
I expect the same to happen here in the U.S.
They bought the debt and all the insolvent, leveraged up to the eyeballs "assets" too. The 1-pound price tag was all it was worth. They're liking picking up considerable liabilities in the move in hopes of saving the structure and that this will provide them something long-term because it's serves all the well-connected leftists in Silicon Valley.
It's called acquiring power and shifting wealth in a laundering sort of way.
Wow.
What timing, we just watched “Too big to fail” last night, on HBO.
Trump should have bought the wokesters
Must be a benefit legally for this. Some trick.
It's worth nothing. The bank's in debt up to it's eyeballs. The "trick" is that they just bought the world's biggest fixer-upper and it's still going to take a lot of money and time to get any actual value out of it. I suspect some very high profile people were talking and worked this out as a way of salvaging the holdings of very well connected people. If HSBC is any sort of intelligent, they'll repackage all of those toxic assets and try to resell them in a few months once the firestorm slows down. They'll be back to business as usual. In the meantime, this is a very dangerous position for them to take, and that's why it cost them 1 pound.