Not really...
As noted: "By the time a number of customers defaulted they had already paid back the balance in interest so even if they defaulted the card would have paid for itself"
As I understand it; HBOS didn't have a big exposure to sub-prime lending (but I confess I'm not sure where they lost their money)
Posted By: BerlinCanary on February 11th 2009 at 09:03:39
Message Thread
- HBoS Lending (General Chat) - KentonCanary, Feb 11, 08:40:27
- The frightening thing yesterday was that none of these guys had any banking qualification! (n/m) (General Chat) - Kirrie, Feb 11, 10:09:05
- what are these banking qualifications (General Chat) - Monty Peculiar, Feb 11, 10:33:09
- These (General Chat) - Bryan Salad Surgery, Feb 11, 22:32:19
- There aren't any - it's a dumb & irrelevant question (n/m) (General Chat) - BerlinCanary, Feb 11, 10:55:47
- Well there is one...................... (General Chat) - megson, Feb 11, 11:02:50
- what are these banking qualifications (General Chat) - Monty Peculiar, Feb 11, 10:33:09
- Paul Moore was on 5live yisty. (General Chat) - NCFC4life, Feb 11, 09:48:08
- Indeed. (n/m) (General Chat) - Buckscanary, Feb 11, 09:58:15
- Not really... (General Chat) - BerlinCanary, Feb 11, 09:03:39
- Its not really about their exposure on that card though is it? (General Chat) - megson, Feb 11, 09:46:52
- The frightening thing yesterday was that none of these guys had any banking qualification! (n/m) (General Chat) - Kirrie, Feb 11, 10:09:05
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