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By admin | March 9, 2010
pPosted To: a href="/garrett_watts/"The Garrett Watts Report/a/pWe commented last week how a lot of people didnrsquo;t know what HSBC stood for... If you go back to when they bought a bank in Buffalo, New York to established themselves in the U.S. The joke was that HSBC stood for quot;Holy ____, Buffalo#39;s Cold.rdquo; City National Bank (Los Angeles) was in the news for paying off all its TARP money last week, but the real story is how they became L.A.rsquo;s prestige bank in the first place. Frank Sinatrarsquo;s son was kidnapped on a Friday in 1963, and the singer called up Bank of America, Security Pacific and a few other big banks asking for $240,000 to pay the ransom money. The big banks told him to come in Monday morning and fill out a loan application. When he called City National, Chairman Bram Goldsmith told him ldquo;Come down to the...(a href="http://www.mortgagenewsdaily.com/garrett_watts/139010.aspx"read more/a)pdiv style="background-color:#D4EDC9;border:1px solid #BDD4B3;padding:3px 5px 3px 6px; color:#000000;font-family:arial,sans-serif;font-size:12px;"strongForward this article via email:/strongnbsp;nbsp;a href="http://www.mortgagenewsdaily.com/channels/139010/3/forward.aspx" style="color:#3333CC;"Send a copy of this story/a to someone you know that may want to read it./div/pimg src="http://www.mortgagenewsdaily.com/aggbug.aspx?PostID=139010" width="1" height="1"
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