Summary of Aaron Glantz's Homewreckers

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Author:
Publisher:
IRB
Pub. Date:
2022
Language:
English
Description
Please note: This is a summary & not the original book. Original book introduction: 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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ISBN:
9798350034226
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Grouped Work ID6b0331b0-30dd-a648-9fda-37a21f054647
Grouping Titlesummary of aaron glantzs homewreckers
Grouping Authorirb media
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2024-01-26 15:04:47PM
Last Indexed2024-05-16 23:08:41PM

Solr Fields

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IRB Media
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IRB Media
display_description
Please note: This is a summary & not the original book. Original book introduction: 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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eBook
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eBook
id
6b0331b0-30dd-a648-9fda-37a21f054647
isbn
9798350034226
last_indexed
2024-05-17T05:08:41.931Z
lexile_score
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literary_form
Non Fiction
literary_form_full
Non Fiction
local_time_since_added_eh
Year
primary_isbn
9798350034226
publishDate
2022
publisher
IRB
recordtype
grouped_work
subject_facet
Economics
Electronic books
Reference books
title_display
Summary of Aaron Glantz's Homewreckers
title_full
Summary of Aaron Glantz's Homewreckers [electronic resource] / Irb Media
title_short
Summary of Aaron Glantz's Homewreckers
topic_facet
Economics
Electronic books
Reference books

Solr Details Tables

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record_details

Bib IdFormatFormat CategoryEditionLanguagePublisherPublication DatePhysical DescriptionAbridged
hoopla:MWT15463258eBookeBookEnglishIRB20221 online resource (32 pages)

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