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HSBC Holdings plc Message Board

  • boston4ever1111111 boston4ever1111111 Mar 3, 2009 2:34 AM Flag

    I worked for HSBC card services

    I wont tell you what location, but I knew when to take all my money out of the stock market when there was a mas influx of defaults. I cant go in detail because I was forced to sign a contract that I wouldnt release company information. So all I have to say is that buying House Hold Bank was the dumbest move ever. How can you give somone a credit card who doesnt have a job, charge them 32%apr an ann fee of almost $100 and best of all 15 bux to make a pmt over the phone looool we did this because most of our sub prime card members dont have a computer loool so they are forced to pay over the phone. O ya and when they mail in their payments they at random will shread their payments so late fees are added and over limit fees.

    god bless america you get what you deserve HSBC I wish you the worst of luck. This is not even have of what they do.

    The value of their stock is based on the present value of future cash flows using their weighted average cost of capital (discount rate) now do you think their cash flows are gonna be substantial loool looks like the stock will tank to 10 bux. You have no Idea about our credit world till your in the front lines of it all.

    Go ahead bash me, i know what ever you say is hog wash, I worked there you didnt. Anyone who worked there will either agree or not reply in fear of their mafia finding them.

    ba byyyy Orchard bank, i mean union plus, I mean GM, I mean reward zone mastercard I mean......

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