Page 10 - Trinity Smith News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Horrific thing that ive seen in my life. The wheel thing came down. It looks like a bomb went off but were sure a bomb didnt go off. A brief moment of hope that youre looking at from earlier this morning before the sun came up, that is rescuers pulling a young boy from the rubble alive. Hes one of two people that Authorities Say they have been able to rescue from the debris so far. Take a look at this. This is what the highrise ocean front looked like before the collapse this morning and here it is after the collapse in the aftermath, what is left of the building. Our Layla Santiago is on the ...

(Bloomberg) -- Trinity Smith lost her home in Detroit because of unfairly high property taxes—and in the process, she handed over thousands of dollars to a multibillion-dollar money machine that benefits real estate speculators, big banks and the county government that foreclosed on her.

Nationwide data show that much of the debt that’s being sold never should have existed in the first place.

Wayne County, Michigan's use of Delinquent Tax Anticipation Notes is an extreme example of a nationwide phenomenon: Local officials use fines and foreclosures or tax lien sales as cudgels against people who haven’t paid their property taxes. Some municipalities’ efforts to securitize or sell the debts have led to a broad, upward transfer of wealth that’s rooted in fundamentally unfair tax systems.

Trinity Smith lost her home in Detroit because of unfairly high property taxes — and in the process, she handed over thousands of dollars to a multibillion-dollar money machine that benefits real estate speculators, big banks and the county government that foreclosed on her.Smith's home was…