Subprime Bubble, Green Bubble, Shareholder losses

Stupid Banker of the Day: HSBC’s Kevin Bourne

By News on the Net —— Bio and Archives--May 2, 2009

American Politics, News | Comments | Back To Full Article

European bank HSBC's dalliance in the U.S. subprime bubble cost its shareholders more than $15 billion in losses. So you might think the bank would be wary of wandering into the next financial bubble--that is the green one. But once again, you would be wrong to apply common sense to today's financial industry.

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