HSBC hit by sixfold surge in Hong Kong property loan defaults https://www.ft.com/content/09824227-8959-4ed2-a1ba-a7c7f6b27e4a Posted by Euro347
ThisKarmaLimitSucks on September 23, 2024 3:58 pm I’m a doomer, but it’s really hard for me to get excited about massive bank losses after BTFP (and I believe the UK had some similar scheme). All of these guys are too big to fail now. They’ll be bailed out with money-printed fiat, which will be repaid by the hidden tax of inflation.
Dothemath2 on September 23, 2024 4:35 pm When I read HSBC, I am thinking Deutsche Bank or Credit Suisse
3 Comments
I’m a doomer, but it’s really hard for me to get excited about massive bank losses after BTFP (and I believe the UK had some similar scheme).
All of these guys are too big to fail now. They’ll be bailed out with money-printed fiat, which will be repaid by the hidden tax of inflation.
When I read HSBC, I am thinking Deutsche Bank or Credit Suisse
i’m sure they will find more drug dealers to serve