Comments on: HSBC Undervalued Losses by $30 billion http://blownmortgage.com/2008/05/12/hsbc-undervalued-losses-by-30-billion/ #1 Free Home Loan Modification & Debt Relief Help For US Home Owners - Truths, Facts & News About the Mortgage Industry Sat, 07 Nov 2009 02:53:18 -0700 http://wordpress.org/?v=2.8.3 hourly 1 By: Tipster: HSBC Closes 82 branches of HFC & Beneficial http://blownmortgage.com/2008/05/12/hsbc-undervalued-losses-by-30-billion/comment-page-1/#comment-11126 Tipster: HSBC Closes 82 branches of HFC & Beneficial Fri, 13 Jun 2008 15:19:44 +0000 http://blownmortgage.com/?p=1045#comment-11126 [...] ownership in HFC and Beneficial have put it smack in the middle of the US housing meltdown. One top HSBC investor claimed that the company undervalued losses by $30 billion, after announcing first quarter losses of $3.2 billion in mortgage-related [...] [...] ownership in HFC and Beneficial have put it smack in the middle of the US housing meltdown. One top HSBC investor claimed that the company undervalued losses by $30 billion, after announcing first quarter losses of $3.2 billion in mortgage-related [...]

]]> By: Moody?s Warns on Bond Insurers? Ratings | Real Estate Blog http://blownmortgage.com/2008/05/12/hsbc-undervalued-losses-by-30-billion/comment-page-1/#comment-10993 Moody?s Warns on Bond Insurers? Ratings | Real Estate Blog Thu, 15 May 2008 06:56:58 +0000 http://blownmortgage.com/?p=1045#comment-10993 [...] In case they weren’t convincing enough they trot out the accounting rules defense (a la HSBC). Just as laughable and just as dangerous to shareholders. MBIA countered that it’s unaware of any changes to capital requirements covering the securities it has guaranteed. “Nor do we believe any is warranted based on deal performance or expected losses,” the New York-based company said in a statement. [...] [...] In case they weren’t convincing enough they trot out the accounting rules defense (a la HSBC). Just as laughable and just as dangerous to shareholders. MBIA countered that it’s unaware of any changes to capital requirements covering the securities it has guaranteed. “Nor do we believe any is warranted based on deal performance or expected losses,” the New York-based company said in a statement. [...]

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