Homewreckers by Aaron Glantz 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

By Aaron Glantz
Read by Paul Bellantoni

HarperAudio, HarperCollins 9780062869531
10.17 Hours Unabridged
Format: Digital Download (In Stock)
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    ISBN: 9781094026176

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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.

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Summary

Summary

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.

Editorial Reviews

Editorial Reviews

“With prose that is as plainspoken as it is propulsive, Glantz explains how homeownership propelled the American Dream until 1986 only to fall, one financial scheme at a time, at the hands of billionaire money grabbers and the failing regulators and gutless politicians who enable them.” Beth Macy, New York Times bestselling author
“A tale of greed and corruption…A solid, useful exploration of a system that ‘needs substantial, systemic change.’" Kirkus Reviews
"[A] cogent, infuriating exposé…Lucid prose and impressive research make this an essential account of an under-the-radar housing crisis.” Publishers Weekly
“In case there was ever any doubt that the world of high finance affects American households, Aaron Glantz lays it to rest in this gripping narrative of how the foreclosure machine became a grand mechanism to convert America’s historic wealth building asset—its homes—into a commodity for financiers.” Sarah Bloom Raskin, former deputy secretary of the US Treasury and former governor of the Federal Reserve Board
“This is a story that needs to be told, and Glantz tells it beautifully. Homewreckers reads like a novel, but it carries an important message: We must never let this happen again.” Alan S. Blinder, Gordon S. Rentscher Professor of Economics and Public Affairs, Princeton University, former member of the Council of Economic Advisers, vice chairman of the board of the Federal Reserve System
“Glantz, through exemplary journalism, reveals the new corporate landlords’ relationship to Donald Trump and their exploitation of loopholes in public policy, in combination with the endless resources of greedy bankers, to transform the 2008 foreclosure crisis into predatory renting schemes and cash in on widespread housing insecurity.” Keeanga-Yamahtta Taylor, author of Race for Profit

Reviews

Reviews

Author

Author Bio: Aaron Glantz

Author Bio: Aaron Glantz

Aaron Glantz is a multiaward-winning investigative reporter whose work has sparked more than a dozen Congressional hearings, the signing of new laws, and criminal probes by the DEA, FBI, Pentagon, and Federal Trade Commission. Because of his reporting, 500,000 fewer US military veterans face long waits for disability compensation, while 100,000 fewer veterans are prescribed highly addictive narcotics by the government. His reporting has earned numerous awards, including a George Foster Peabody Award, two Military Reporters and Editors awards, an award from the Online News Association, and a national investigative reporting award from the Society of Professional Journalists. His work has been featured in the New York Times, Chicago Tribune, NBC Nightly News, Good Morning America, and the PBS NewsHour, where he has twice been nominated for a national Emmy Award. He is a senior reporter at Reveal from The Center for Investigative Reporting and a recent JSK Fellow at Stanford University. His previous books include How America Lost Iraq, The War Comes Home: Washington’s Battle against America’s Veterans, and Winter Solider Iraq & Afghanistan: Eyewitness Accounts of the Occupations, which he coauthored with Iraq Veterans Against the War.

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Details

Details

Available Formats : Digital Download, CD, MP3 CD
Category: Nonfiction/Political Science
Runtime: 10.17
Audience: Adult
Language: English