The American Empire in a Changing World


Tuesday, December 11, 2012

''HSBC to start selling £25bn of toxic US debt''

From The Telegraph

''The bank is planning to sell four sub-prime loan portfolios worth a total of $2.7bn in the next year, with hedge funds already expressing an interest. The disposals will mark the first time HSBC has sold any of its holding of sub-prime debt since the collapse of Lehman Brothers in September 2008 and is intended to kick off the sale of the $44.2bn of toxic debt still held by the bank.''

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