Wall St.'s Next Profit Scheme -- Buying Up Every Piece of Your Home Town
Across America, schools, roads, and water systems are for sale to the highest Wall Street bidder.
Cities are defaulting from California to Alabama. They cannot reverse course and restore taxes on property owners without causing more mortgage defaults and abandonments. Something has to give – so cities are scaling back public spending, downsizing their school systems and police forces, and selling off their assets to pay bondholders.
This has become the main cause of America’s rising unemployment, helping drive down consumer demand in a ...
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