About this episode

The episode discusses HSBC's recent loss and its implications for the current credit crisis.

The stock market was not happy with HSBC. The banking giant reported what should have been a small nothing, a $400mm loss on a loan to an Irish entity with a name that sounds like a Star Wars droid. AGF WHCO 1-A5. But that $400mm loan and loss ended up pulling back the curtain a little more on the current credit crisis. As did the comments from Apollo’s CEO, where he used the words “contagion” and “egregious.” Eurodollar University's Money & Macro Analysis ----------------------------------------------- What is a Eurodollar University membership? It’s where understanding the monetary world isn’t a mystery—it's a method. If you’re serious about your financial education and want clarity in a world of volatility and massive uncertainty, you’re in the right place. Ready to explore? Master monetary systems – past and future - with structure, clarity, and confidence. Visit https://eurodollar.university/membership ------------------------------------------------- https://www.eurodollar.university Twitter: https://twitter.com/JeffSnider_EDU

People in this episode

Host: Jeff Snider

Topics covered

• banking
• credit crisis
• financial education
• monetary systems
• market analysis

Keywords

• HSBC
• credit crisis
• Apollo
• financial education
• monetary systems
• stock market
• AGF WHCO 1-A5

Mentioned in this episode

Organizations: HSBC, Apollo

Products: AGF WHCO 1-A5

Places: Ireland

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