Lender Watch

The parallel between the Greek debt crisis and the subprime crisis is striking. Trashy debt is alchemised to gold through manipulations driven by a political agenda. In the case of subprime debt, this took the form of collateralized debt obligations consisting of government-supported mortgage-backed securities. In the case of Greek bonds, it was European Monetary [...]

LenderWatch.org is the network center for six of our financial areas. As consumer advocates we monitor the mortgage industry, credit card industry, personal finance, and document customer experiences. Our areas of expertise include daily monitoring of Saxon Mortgage and parent company Morgan Stanley, and daily monitoring of HSBC Bank Plc. Relative to HSBC we carefully [...]