Monday, May 11, 2009

Canary Red

This quick blurb about HSBC over at caught my eye. Why? Because for those who recall early 2007, HSBC was the first major bank to admit any problems with its subprime portfolio. We know how the rest of that year progressed. I have to wonder if they are leading the pack again. I guess only time will tell, but it is definitely something to keep an eye on.

Could that be the stench of death around the financials, yet again? Hmmm. I know my choice for leading contender to die.

Until next time, good people, stay safe...

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