The New York Daily News reports that a US judge has had a pop at HSBC for what he describes as its 'no-nothing' defence in a case involving alleged foreclosure errors.
Supreme Court Justice Arthur Schack wrote in a recent decision: 'HSBC sounds like... Sgt. Schultz in the classic 1960s television comedy Hogan's Heroes. The inept Sgt. Hans Schultz... would feign ignorance about the escapades of his Allied prisoners by telling his commandant, Col. Klink, 'I know nothing'.
In the meantime, The New York Post reports that the trustee for MF Global in the US has abandoned furniture and equipment in the firm's former offices in San Francisco and Kansas City to counterparties for rejected leases on the properties.
And finally, The Wall Street Journal reports that Warren Buffett appears a little miffed that employees of Fidelity Investments managed to get 6 out of the 27 questions allocated to 'the crowd' at Berkshire Hathaway's last AGM.
Buffett said: 'There's no question they figured out how to game the system, (but) it's not in the spirit of the meeting'.
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