Montag, 2. März 2009


Compared to AIG, HSBC is boringly solid:

Net income of 5.7 bn US$, and Shareholders Equity decreased by only 35 bn US$.

Hold it:

Did I just write "boringly solid" to describe a company that lost 27 % of its shareholders equity, a whopping 35 bn US$, in the space of 12 months?

It's all relative, I guess... (and another example how "net income" can be totally misleading, if a company

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