In almost any crisis, you can find no shortage of economic vultures who prey on the weak. This time around, the vultures are companies that buy tax liens from towns and cities and then proceed to screw the ever-loving shit out of people who are already in trouble. They charge people who have already fallen on hard times over twice the interest that governments can charge and they have no compunction on destroying a neighborhood or a town with massive amounts of foreclosures, which change neighborhoods from homes filled with families to devastated communities with boarded-up homes that become magnets for crime.
I don't know how people like Howard Liggett, executive director of the National Tax Lien Association or John Garzone, president of Plymouth Park, one of the vulture companies, can sleep at night. They probably can, though, because they apparently have no humanity, no soul.
Tuesday, August 18, 2009
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