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Georgia Counties Sue HSBC Over Mortgage Practices

By Evan Weinberger (October 19, 2012, 4:03 PM EDT) -- Three Georgia counties on Thursday sued units of HSBC USA Inc., alleging that the bank's mortgage unit used fraudulent practices to boost its subprime mortgage units and cost the counties hundreds of millions of dollars in lost tax revenue when the mortgages went bad during the financial crisis....

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