Wednesday 11 September 2013

Big US banks are making people homeless through secondary loansharking

Read this outrageous story from Michael Snyder. JPM and others are buying up local government tax debts, multiplying them with their own charges and forcing homeowners onto the street.

Some people are losing the roof over their heads for a debt that costs no more than a good meal in a restaurant: "big banks and hedge funds keep tacking on interest, penalties and legal fees until the tax bills are many times the size that they originally were."

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