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Tuesday, 06/02/2015 11:31:20 PM

Tuesday, June 02, 2015 11:31:20 PM

Post# of 39471
HSBC, one of the largest banking and financial services institutions in the world, must face US lawsuits over $34 billion in mortgage debt losses.

That’s the same bank PFNO is going after along with convicted lying bank ING to redeem the billions in bonds.

http://www.marketwired.com/press-release/President-Parafin-Corporation-Initiates-Supreme-Court-Lawsuit-Verify-Holdings-ING-Bearer-1317638.htm

Here’s the latest with lying HSBC:
HSBC was on Monday ordered to face three U.S. lawsuits accusing it of breaching its duties as a trustee overseeing residential mortgage-backed securities that suffered more than $34 billion of losses in the global financial crisis.
U.S. District Judge Shira Scheindlin in Manhattan said the plaintiff investors, including funds from BlackRock, Allianz's Pacific Investment Management Co and TIAA-CREF, could pursue claims accusing HSBC of breach of contract, and concealing known defects in mortgage loans backing 283 trusts.
http://www.cnbc.com/id/102724383