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...
Monday, March 2, 2009
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