end the kaos
Scottsdale,#2Consumer Comment
Mon, June 13, 2011
You asked where does your loan reside? That is a great question, so I decided to see what I could find on the internet about HSBC Group, the parent company of Beneficial that bought HFC in 2003. Answers were vague and confusing all over the place. However one these kept coming up, Mexico and the Middle East.
In a recent news report, the article states that HSBC Group is a London-based company, but other indications around the web point to Mexico and the Middle East connections.
http://www.bloomberg.com/news/2011-06-07/hsbc-agrees-to-pay-62-5-million-to-settle-u-s-class-action-madoff-suit.html
Originating in Hong Kong is 1865, HSBC was a british colonial investment firm. After the WWII, the British Bank of Middle East was added to the mix. During the late 90's and into the millineum, Mexican banks were added to the considerable holdings. Some reports have high level executives of Middle Eastern citizenship in power.
http://www.answers.com/topic/hsbc-holdings-plc-adr
Trying to find information on the HSBC Group site was worthless.
This is a financial take-over of our economy.