As banks pull back from mortgage lending amid inflated prices and rising rates, “shadow banks” have become very aggressive.
“Right after the company tells the market the stock is cheap, executives overwhelmingly decide to sell.”
There’s unconfirmed speculation JPMorgan may have been granted immunity as the whistleblower.
The old question: When will she buckle?
The trend is becoming clear.
HSBC makes it official.
It was bought out by a PE firm, saddled with $8 billion in debt, and grapples with its fate.
And its eerie exhortations to the banks to prepare for a downturn to avoid “undue disruption to the financial system.”
Subprime is calling.
But the crash-insurance policy is a one-time deal. And then what?