HSBC - three years to work through subprime


#1

nytimes.com/2007/11/15/business/worldbusiness/15bank.html?_r=1&n=Top/News/Business/Companies/HSBC%20Holdings%20P.L.C.&oref=login

That seems to be much longer than many others are saying. Could this be part of the reason:

Aside from the subprime resets in 2008, look at the Option ARM and Alt-A resets in 2010/2011.

youtube.com/watch?v=dMuKRbJa3O8
Whatever about the future of the rest of the pin, the Central Bank has will run and run and run :wink: