The New Tax Man: Big Banks And Hedge Funds Wall Street investors, which include Bank of America and JPMorgan Chase & Co., have purchased from local governments the right to collect delinquent taxes on several hundred thousand properties, many in distressed housing markets
“This is often done because the paper trail of the mortgage is faulty. It is one way for the banks to be sure they own the property. This kind of investment is not just for banks and the rich: anyone can do it and, if the bank can't prove they hold the mortgage, the property passes to the investor unencumbered.”
BERLIN — Chancellor Angela Merkel's declaration that Germany's attempts to build a multicultural society had "utterly failed" is feeding a growing debate over how to deal with “Multi-culturalism has not worked much of anywhere. The idea was nice: society as a salad-bowl rather than a melting pot but the execution has, almost without exception, resulted in a number of discrete cultural enclaves that neither understand nor respect each other”
The always-provocative songstress M.I.A. wore a burqa of her own design on the red carpet “Who are these women in Burqas, so high and mighty that none dare look upon their faces? A cat may look at a king.”
You've heard of "Disgusted, Tunbridge Wells"? Well, I live in Holland Park and I've Had It. Up to here! An old curmudgeon, I rant and rave about things I read, see or hear in the News. Frequently sarcastic, irreverent and libertarian; often wrong - but never uncertain.