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by Aaron Glantz
In the spirit of Evicted, Bait and Switch, and The Big Short, a shocking, heart-wrenching investigation into America's housing crisis and the modern-day robber barons who are making a fortune off the backs of the disenfranchised working and middle class-among them, Donald Trump and his inner circle. Two years before the housing market collapsed in 2008, Donald Trump looked forward to a crash: I sort of hope that happens because then people like me would go in and buy, he said. But our future president wasn't alone. While millions of Americans suffered financial loss, tycoons pounced to heartlessly seize thousands of homes-their profiteering made even easier because, as prize-winning investigative reporter Aaron Glantz reveals in Homewreckers, they often used taxpayer money-and the Obama administration's promise to cover their losses. In Homewreckers, Glantz recounts the transformation of straightforward lending into a morass of slivered and combined mortgage products that could be bought and sold, accompanied by a shift in priorities and a loosening of regulations and laws that made it good business to lend money to those who 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 cash cow Steve Schwarzman. Homewreckers also brilliantly weaves together the stories of those most ravaged by the housing crisis. The result is an eye-opening expose of the greed that decimated millions and enriched a gluttonous few.
|Publication date:||28th November 2019|
|Publisher:||Custom House an imprint of HarperCollins Publishers Inc|
|Categories:||Business ethics & social responsibility, Political corruption, Banking,|
Aaron Glantz is a journalist at Reveal. His work has sparked more than a dozen Congressional hearings, numerous laws, and criminal probes by the DEA, FBI, Pentagon and Federal Trade Commission. A two-time Peabody Award-winner, finalist for the Pulitzer Prize, multiple Emmy nominee, and winner of the Selden Ring and Alfred I. duPont-Columbia Award, his work has appeared in New York Times, Chicago Tribune, NBC Nightly News, Good Morning America and the PBS NewsHour. His previous books include The War Come Home and How America Lost Iraq. He lives in San Francisco.More About Aaron Glantz