Go figure.
In 2014 it was:
HSBC imposes restrictions on large cash withdrawalsI must have been feeling charitable that day because the natural three-beat is "...and their mamas are dressing them funny" Anywaaay...
HSBC are scum. And not very well run either....
On August 6 we had "Banking: HSBC's Exposure To Hong Kong Real Estate". The previous day the Bank's CEO, John Flint was sent packing.
Here's Mr. Bass. Keep in mind he is a notorious and vocal China bear.
The entire thread is interesting.This piece says the number is now $675 billion. To be clear, instead of selling the USD they have in “reserve”, they use forwards to hide the real dollars running...ALA South Korea in 97-98. https://t.co/v4kWgqGLsV— Kyle Bass (@Jkylebass) August 7, 2019
As the kids say: "Big, if true."