Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream Audiobook
Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out of Their Homes and Demolished the American Dream Audiobook
- Paul Bellantoni
- HarperAudio
- 2019-10-15
- 10 h 12 min
Summary:
In the spirit of Evicted, Bait and Switch, as well as the Big Short, a shocking, heart-wrenching investigation into America’s housing crisis and the modern-day robber barons who are making a lot of money from the backs of the disenfranchised working and middle class-among them, Donald Trump and his inner circle.
Two years prior to the housing marketplace collapsed in 2008, Donald Trump appeared forward to an accident: “I type of hope that occurs because then people like me would go in and purchase,” he said. But our future about Homewreckers: What sort of Gang of Wall Road Kingpins, Hedge Fund Magnates, Crooked Banking institutions, and Vulture Capitalists Suckered Thousands Out of Their Homes and Demolished the American Desire president wasn’t by itself. While millions of Americans suffered financial loss, tycoons pounced to heartlessly seize a large number of homes-their profiteering made even less complicated because, as prize-winning investigative reporter Aaron Glantz reveals in Homewreckers, they often times utilized taxpayer money-and the Obama administration’s promise to pay their losses.
In Homewreckers, Glantz recounts the transformation of straightforward lending right into a morass of slivered and mixed mortgage “products” that may be bought and sold, accompanied by a shift in priorities and a loosening of regulations and laws that managed to get good business to lend money to those that wouldn’t be able to repay. Among the men who laughed their way to the lender: Trump cabinet people Steve Mnuchin and Wilbur Ross, Trump pal and confidant Tom Barrack, and billionaire Republican cash cow Steve Schwarzman. Homewreckers also brilliantly weaves together the stories of those most ravaged from the housing crisis. The effect can be an eye-opening expose of the greed that decimated hundreds of thousands and enriched a gluttonous few.