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
Type
Label
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
Language
eng
Bibliography note
Includes bibliographical references (pages 379-381) and index
Illustrations
illustrations
Index
index present
Literary Form
non fiction
Main title
Homewreckers
Nature of contents
bibliography
Responsibility statement
Aaron Glantz
Sub title
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
Summary
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
Classification
Creator
Subject
Author
Incoming Resources
- Has instance1