[xcamel]

Too bad the author of this story found it necessary to have it printed in the UK - because it would be laughed off the page in the US.

[philman_36]

...it would be laughed off the page in the US.
So instead of simply sniping perhaps you could explain how he is wrong.
If you've got knowledge then share it!

[Eric in the Ozarks]

'zackly. Why does anyone think they call them sub-prime ?

[freedomdefender]

it would be laughed off the page in the US.

I don't know enough about the issue. Can you explain why this article is wrong?

[gcruse]

Ambrose is one of the best reporters in media.
Dismissing him without backup smacks of denial.

[31R1O]

Don't know about that, it's been all over Bloomberg the last few days and some homebuilder stocks have been taking a beating. It will interesting how all of this shakes out.

[RockinRight]

Actually, it is a British bank.

And while THIS article hasn't been posted yet, HSBC's problems have been known on FR for a few weeks.

They have GREAT rates on their online savings accounts though! ;-) 6% till April then 5% after that, IIRC. I just opened one.