Horizon Information Portal

HSPLS site

eBooks/Audiobooks

Reading Program

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 / Aaron Glantz.

by Glantz, Aaron, author.

View full image

New York, NY : Custom House, [2019]

Mortgage loans -- United States.

Mortgage loans -- Corrupt practices -- United States.

Housing -- United States -- Finance.

Foreclosure -- United States.

Home ownership -- United States.

9780062869531 (hardcover) :

xxx, 398 pages, 16 pages of unnumbered plates : illustrations ; 24 cm

The American dream -- The homewreckers cast of characters -- FINANCIAL FREEDOM: The salesman; A squandered opportunity; A run on the bank; Life on Park Avenue; The vultures circle -- FORECLOSURE KINGS: A mortgage discovered; Foreclosure machine -- THE GREATEST THING I'VE EVER DONE: ColFin AI-CA5 LLC; Polo ponies and wine; For infinity; Son of a linen store owner; Loading the boat; Life on a lease -- THE NEW REDLINING: A bungalow in Los Angeles -- THE BIG FLIP: Time to make a deal; The community fights back; The new debt bundles; Too big to fail -- ENTER THE DONALD: An early vulture; Trump University -- PRESIDENT TRUMP: Triumph of the homewreckers -- Epilogue: A path to shared prosperity.

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.

Horizon Information Portal 3.0

Powered by Dynix

© 2001-2013 SirsiDynix All rights reserved.

Horizon Information Portal