Posted
5:59 PM
by Gene
"This is a material negative surprise for HSBC," said John-Paul Crutchley, an analyst at Merrill Lynch. I like that Wall Street talk. A material negative surprise when a bank lusts after customers for sub-prime mortgages and it gets burned by the implosion in the home-building biz?
And some "loan producer" we never heard of got similarly walloped. And
Toll Brothers keeps talking of upticks. Hey guys, I think you and your fellow McMANSIONERS upticked your way into a bubble.