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 DreamIn 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.

Homewreckers Details

TitleHomewreckers
Author
LanguageEnglish
ReleaseOct 15th, 2019
PublisherCustom House
ISBN-139780062869555
Rating
GenreNonfiction, History, Business, Social Issues

Homewreckers Review

  • Nancy
    January 1, 1970
    I won this in a Goodreads giveaway.An in depth look at where deregulation has led us.
  • Kimberly Cascio
    January 1, 1970
    This is the book that will renew outrage about America’s wealth gap, the state of American homeownership, and the systemic corruption within the American financial system. Are your eyes glazing over? Stop it, because this book doesn’t just spill the tea about the housing bust as much as dumps the tea into a nearby harbor. It’s an outrageous, well-sourced, riveting account of how a few real estate moguls profited from the economic crisis that devastated millions. Like some of the best crime docum This is the book that will renew outrage about America’s wealth gap, the state of American homeownership, and the systemic corruption within the American financial system. Are your eyes glazing over? Stop it, because this book doesn’t just spill the tea about the housing bust as much as dumps the tea into a nearby harbor. It’s an outrageous, well-sourced, riveting account of how a few real estate moguls profited from the economic crisis that devastated millions. Like some of the best crime documentaries, Homewreckers has a nonstop, take-your-breath-away narrative (unethical shell companies have gobbled up an absurd amount of foreclosed homes), so grab some coffee, and go read Homewreckers. It’s a must-read.
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  • Thomas Kelley
    January 1, 1970
    If you have seen the movie or read the book "The Big Short" you need to read this book also. If not you still need to read this book it is very informative. The main focus of this book is the housing bubble and collapse of the banks and the housing market around 2007 and 2008. This book should make you mad. I will not go in to a lot of detail because I feel it will give a lot of the details. But I will say I cannot believe how our government gives things away. This is not a one sided political t If you have seen the movie or read the book "The Big Short" you need to read this book also. If not you still need to read this book it is very informative. The main focus of this book is the housing bubble and collapse of the banks and the housing market around 2007 and 2008. This book should make you mad. I will not go in to a lot of detail because I feel it will give a lot of the details. But I will say I cannot believe how our government gives things away. This is not a one sided political that finds fault with one political party as it finds fault with many different presidents including the last two administrations. It does cover a lot of the individuals that are advising or surrounding our current President. And I thought he drained the swamp after reading this it makes you wonder. Every citizen should read this book. I received an ARC from Netgalley
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  • Peter Z.
    January 1, 1970
    Classic. Obama creates a problem by putting government guarantees on garbage loans causing banks to loan to people at no risk to themselves, then when the Plan inevitably fails, blame "greedy" businessmen for cleaning up the mess and bringing equity to save what was left. Got news, if it wasn't for private business, the taxpayers would have been jammed up even worse. It's capitalism people. Trying to make a profit is how we survive. It's when government puts perverse incentives on a free market Classic. Obama creates a problem by putting government guarantees on garbage loans causing banks to loan to people at no risk to themselves, then when the Plan inevitably fails, blame "greedy" businessmen for cleaning up the mess and bringing equity to save what was left. Got news, if it wasn't for private business, the taxpayers would have been jammed up even worse. It's capitalism people. Trying to make a profit is how we survive. It's when government puts perverse incentives on a free market that the shit hits the fan. Cash for clunkers anyone?
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  • Carolyn
    January 1, 1970
    A thoroughly harrowing account of how 'the homewreckers', as Glantz dubs them, stole the residential housing market in the wake of the 2008 crash. Deeply researched, Glantz uncovers the steal behind the buyout that flipped the American Dream of personal home ownership and a nation of wealthy barbers into a renters market. Carefully tracing how presidents and financiers unpicked the stitches of the New Deal, Glantz shows how the rich got super richer. This book is as compelling as any mystery or A thoroughly harrowing account of how 'the homewreckers', as Glantz dubs them, stole the residential housing market in the wake of the 2008 crash. Deeply researched, Glantz uncovers the steal behind the buyout that flipped the American Dream of personal home ownership and a nation of wealthy barbers into a renters market. Carefully tracing how presidents and financiers unpicked the stitches of the New Deal, Glantz shows how the rich got super richer. This book is as compelling as any mystery or thriller.
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  • Ietrio
    January 1, 1970
    Decades of governmental racial segregation, dozens of agencies spitting rules and restrictions on where to build, how to build, for whom to build, taxes increasing to keep up with the madness of government spending, all this is irrelevant. Here are your Emmanuel Goldsteins, hate them says Glantz.
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  • Mike
    January 1, 1970
    I have read other books about the 2008 "problem" but none that have named names like Homewreckers. Mnuchin, Ross, Barrack, Schwarzman, all pals of Trump and all infinitely cold and greedy MFs. We need a revolution...the late 18th century French variety.
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  • Jill
    January 1, 1970
    A very informative and interesting book!
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