Homewreckers - Aaron Glantz
Shared by:daenigma100
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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| Creation Date: | Sun, 10 Nov 2019 18:57:10 +0000 |
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| Aaron Glantz - Homewreckers Audiobook.mp3 244.42 MBs | |
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This post has 12 comments with rating of 4.5/5
November 11th, 2019
That’s right, bash Trump again. He did not collude with the government to deregulate the financial system. The Obama regime is also guilty of continuing the status quo. Few major changes were implemented after the financial collapse. Obama even appointed some of the same shady characters that helped create the collapse to helm key positions. The system was not fixed, unlike after the first Great Depression when Roosevelt regulated the financial sector.
November 11th, 2019
P.S. What is seldom mentioned is that the fiscally irresponsible home buyers who took out extensive home loans beyond their means are also to blame. Buying on credit rather than building up savings is not a brilliant plan.
November 11th, 2019
Something important seems to have been omitted in Glantz’s narrative, such as the progressives that threatened lenders if they didn’t provide home loans to individuals who were unqualified for them in the first place.
November 11th, 2019
Should be titled “Why did ignorant people buy homes they knew they could not afford.
November 11th, 2019
I love the comments in this site because it’s full of shut-ins hammering the refresh button harder than they’ve hammered anything else in their lives, just waiting for something even moderately left to be posted so they can take a dump in the comments box and hit post. When was the last time any of you clowns saw the sun or even talked to a member of your family? Goddamn
November 11th, 2019
Thanks a lot for your sharing, as always.
November 11th, 2019
@strangenewmirror: So, no rebuttal, just the usual gratuitous abuse. Typical hypocritical leftard. You posted a comment, so by your logic does that mean you must be holed up in your mother’s basement? No, of course not, you are a SJW, valiantly exposing the evil “alt-right”. The only political rant I see in the comments section is from you.
November 11th, 2019
Talk to my family?! You must be crazy!
November 13th, 2019
Hang all the landlords and capitalists.
November 17th, 2019
@sable663 - exactly.
@Jiminy Cricket - Good to see someone understand exactly why it happened. Owing a home is not a right. The opportunity to own one could certainly be considered one, but if you can’t afford it - you can’t afford it.
@litote - good you know history and not the propaganda that has [passed for history for decades now.
November 21st, 2019
litote- WOW, talk about proving his point though.
November 21st, 2019
@Roddd- Your not wrong, everyone is responsible for their own actions, but to be fair they were buying these homes on the faith of the government telling them that they WOULD BE able to afford them. It was a case of people, who would probably otherwise never be able to own a home, being told that they too could share in the “American dream” of being a home owner. Hard to fault someone for that. They go from living their entire lives believing that they would never be able to own a home, to being told it’s possible. I cant attack someone for wanting something better in their lives.
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