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 (Free)
- Paul Bellantoni
- 10 h 12 min
- HarperAudio
- 2019-10-15
Summary:
In the spirit of Evicted, Bait and Switch, and The Big Short, a shocking, heart-wrenching investigation into America’s housing crisis as well as the modern-day robber barons who are making a fortune from the backs of the disenfranchised operating and middle class-among them, Donald Trump and his inner circle.
Two years before the housing marketplace collapsed in 2008, Donald Trump appeared forward to a crash: “I sort of hope that occurs because then people like me would use and purchase,” he said. But our upcoming about Homewreckers: How a Gang of Wall structure Road Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered A huge number Out of Their Homes and Demolished the American Desire president wasn’t alone. While an incredible number of People in america suffered financial loss, tycoons pounced to heartlessly seize a large number of homes-their profiteering produced even less complicated because, as prize-winning investigative reporter Aaron Glantz reveals in Homewreckers, they often times used taxpayer money-and the Obama administration’s promise to pay their losses.
In Homewreckers, Glantz recounts the transformation of simple lending right into a morass of slivered and combined mortgage “products” that might be bought and sold, along with a shift in priorities and a loosening of regulations and laws and regulations that made it good business to lend money to those that wouldn’t be able to repay. Among the men who laughed their way to the bank: Trump cabinet members Steve Mnuchin and Wilbur Ross, Trump pal and confidant Tom Barrack, and billionaire Republican money cow Steve Schwarzman. Homewreckers also brilliantly weaves jointly the stories of these most ravaged by the casing crisis. The effect is an eye-opening expose of the greed that decimated large numbers and enriched a gluttonous few.
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