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NAACP says bank giants steered blacks to bad loans
(AP)

March 12th, 2009 · No Comments

A staff of HSBC Holding PLC walks past the logo of the bank after a press conference in Hong Kong Tuesday, March 10, 2009. HSBC Holdings PLC sought to reassure nervous investors Tuesday after shares of the struggling banking giant plummeted to their lowest point in nearly 14 years amid fears about its plans to raise fresh capital.(AP Photo/Vincent Yu)AP – The NAACP is accusing Wells Fargo and HSBC of forcing blacks into subprime mortgages while whites with identical qualifications got lower rates.




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[Source: Yahoo! News: Business]

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