Infused with billions of taxpayer dollars at near-zero interest rates, and with minimal returns on other secured investments, big banks have found a profitable opportunity in tax certificates.
November 15, 2012 at 12:00 AM
1 minute read
Property tax certificates for decades provided a secure and profitable investment for individual investors and small businesses.
That is, until the last couple of years, when the big banks, capitalized with cheap money from the federal government, shoved the small investor aside and came to dominate the business.
Deal Watch: Skadden, Sidley, Slaughter and S&C Lead Big Paper Deal, While Private Funds Grow Massive
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