Archive for February 17th, 2007
Credit where it’s not due – Part 2
17 February 2007A few days ago, I wrote about HSBC’s troubled subprime mortgage business. It turns out that Lehman Brothers suspects GM will have to put between $900 and $950 million into GMAC to true-up the selling price for the owners, led by Cerberus. The problem is – yes – the subprime mortgage business and an [...]