Book

Glantz, Aaron, author.

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.

First edition.

New York, NY : Custom House, [2019]

xxx, 398 pages, 16 unnumbered pages of plates : illustrations ; 24 cm

"A shocking investigation into America's housing crisis and the modern-day robber barons who made money off the backs of the disenfranchised working class-among them, Trump and his inner circle"-- Provided by publisher.

When the housing market collapsed in 2008, millions of Americans suffered financial loss-- while tycoons pounced to heartlessly seize thousands of homes, often using taxpayer money and the Obama administration’s promise to cover their losses. 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. -- adapted from jacket

Mortgage loans -- United States.

Mortgage loans -- Corrupt practices -- United States.

Housing -- United States -- Finance.

Foreclosure -- United States.

Home ownership -- United States.

Includes bibliographical references (pages 339-381) and index.

Preface: The American dream -- The homewreckers : a cast of characters -- The salesman -- A squandered opportunity -- A run on the bank -- Life on Park Avenue -- The vultures circle -- A mortgage discovered -- Foreclosure machine -- ColFin AI-CA5 LLC -- Polo ponies and wine -- For infinity -- Son of a linen store owner -- Loading the boat -- Life on a lease -- A bungalow in Los Angeles -- Time to make a deal -- The community fights back -- The new debt bundles -- Too big to fail -- An early vulture -- Trump University -- Triumph of the homewreckers -- Epilogue: A path to shared prosperity.

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332.722 Glantz