Posts Tagged ‘economic devastation’

Hedge funds buy debts of struggling families in Baltimore, then take their homes when they can’t pay

     The death of Freddie Gray in police custody in Baltimore and the ensuing protests brought the nation’s attention to the economic devastation that continues to grip the city. Now, new datashows powerful hedge funds are profiting off of struggling families in Baltimore by buying up debts as small as $250, charging high interest rates, […]

Hedge funds buy debts of struggling families in Baltimore, then take their homes when they can’t pay

     The death of Freddie Gray in police custody in Baltimore and the ensuing protests brought the nation’s attention to the economic devastation that continues to grip the city. Now, new datashows powerful hedge funds are profiting off of struggling families in Baltimore by buying up debts as small as $250, charging high interest rates, […]

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