Wall Street\’s Sneaky New Way to Make Bank from Struggling Homeowners | | AlterNet

Barely more than a year after a taxpayer bailout of major financial institutions, Bank of America and the hedge fund, Fortress Investment Group, spotted a fresh money-making opportunity – collecting the tax debts of tens of thousands of people like Walker. The bank and hedge fund can add interest charges and fees, and they bundled the debts as securities for investors.

via Wall Street\’s Sneaky New Way to Make Bank from Struggling Homeowners | | AlterNet.

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About civilitasnovus

Political junkie
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One Response to Wall Street\’s Sneaky New Way to Make Bank from Struggling Homeowners | | AlterNet

  1. reannyexceesk says:

    Happy Additional Year, everybody under the sun! 🙂

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