Homewreckers: How a Gang of Wall Street Kingpins, Hedge Fund Magnates, Crooked Banks, and Vulture Capitalists Suckered Millions Out

Aaron Glantz

In the spirit of Evicted, Bait and Switch, and The Big Short comes a shocking 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.cle.

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Book Information

Publisher: Custom House
Publish Date: 10/15/2019
Pages: 432
ISBN-13: 9780062869531
ISBN-10: 0062869531
Language: English

What We're Saying

October 14, 2019

“This is a story that needs to be told, and Glantz tells it beautifully. <i>Homewreckers</i> reads like a novel, but it carries an important message: We must never let this happen again.” —Alan S. Blinder, Gordon S. Rentscher Professor of Economics and Public Affairs, Princeton University, former member of the Council of Economic Advisers, Vice Chairman of the Board of the Federal Reserve System READ FULL DESCRIPTION

Full Description

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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