Fred Schulte

Wall Street Is the New Tax Collector? Governments Relinquish Taxation Powers to Big Banks

Nearly a dozen major banks and hedge funds, anticipating quick profits from homeowners who fall behind on property taxes, are quietly plowing hundreds of millions of dollars into businesses that collect the debts, tack on escalating fees and threaten to foreclose on the homes of those who fail to pay.

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Woman Sees Her Home Confiscated Over a Water Bill

One raw day in early February, Vicki Valentine stood by helplessly as real estate investors snatched her West Baltimore home over what began with an unpaid city water bill of $362.

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