000 03325cam a2200361Ii 4500
001 on1078434095
003 OCoLC
005 20191022120404.0
008 181210s2019 nyuaf b 001 0 eng d
040 _aYDX
_beng
_erda
_cYDX
_dBDX
_dSNR
_dORX
_dZJI
_dIEB
_dNFG
020 _a0062869531
020 _a9780062869531
_q(hardcover)
035 _a(OCoLC)1078434095
092 _a332.722
_bG545
049 _aNFGA
100 1 _aGlantz, Aaron,
_eauthor.
245 1 0 _aHomewreckers : 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 /
_cAaron Glantz.
250 _aFirst edition.
264 1 _aNew York, NY :
_bCustom House,
_c[2019]
300 _axxx, 398 pages, 16 pages of unnumbered plates :
_billustrations ;
_c24 cm
336 _atext
_2rdacontent
337 _aunmediated
_2rdamedia
338 _avolume
_2rdacarrier
504 _aIncludes bibliographical references (pages 379-381) and index.
505 0 _aThe American dream -- The homewreckers cast of characters -- FINANCIAL FREEDOM: The salesman; A squandered opportunity; A run on the bank; Life on Park Avenue; The vultures circle -- FORECLOSURE KINGS: A mortgage discovered; Foreclosure machine -- THE GREATEST THING I'VE EVER DONE: ColFin AI-CA5 LLC; Polo ponies and wine; For infinity; Son of a linen store owner; Loading the boat; Life on a lease -- THE NEW REDLINING: A bungalow in Los Angeles -- THE BIG FLIP: Time to make a deal; The community fights back; The new debt bundles; Too big to fail -- ENTER THE DONALD: An early vulture; Trump University -- PRESIDENT TRUMP: Triumph of the homewreckers -- Epilogue: A path to shared prosperity.
520 _aTwo 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.
650 0 _aMortgage loans
_zUnited States.
_982984
650 0 _aMortgage loans
_xCorrupt practices
_zUnited States.
650 0 _aHousing
_zUnited States
_xFinance.
_9135524
650 0 _aForeclosure
_zUnited States.
_998622
650 0 _aHome ownership
_zUnited States.
_986474
994 _aC0
_bNFG
999 _c300283
_d300283