Monday, March 2, 2009

HSBC Need cash? and they made a profit?

Are we the only people confused by this? You make over £6billion profit in a bad year. But that is so bad you need to sell shares to raise another £12 billion? Surely the basic rudiments of business are that a) sometimes you make a profit, and b) sometimes you make a loss - and surely c) as a shareholder in a business you should be ready to take the rough with the smooth?

Surely the HSBC board should be celebrating being one of the few banks NOT to post record losses...

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