To keep their bond-ratings, hedge-funds have to publicly demonstrate that they are the most ruthless of landlords
by Cory Doctorow from on (#3DTFM)
After the subprime crisis, vulture funds swept into the hardest-hit areas and bought thousands of foreclosed-upon homes at firesale prices and floated bonds based on the expected returns from the rents they'd be able to charge in an America with the lowest levels of home-ownership in modern history. (more")