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  • 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
  • By: Aaron Glantz
  • Narrated by: Paul Bellantoni
  • Length: 10 hrs and 10 mins
  • Unabridged Audiobook
  • Categories: Biographies & Memoirs, True Crime
  • 4.5 out of 5 stars (4 ratings)

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Summary

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.

©2019 Aaron Glantz (P)2019 HarperAudio

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    4 out of 5 stars

Decent read

Well researched and well performed, unfortunately a little too depressing and even though that may be the current case, I can't listen to it and say I love it.

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  • WeaverDreams
  • 20-10-19

Amazing book - I hope it changes things and mobilizes people to take action!

These vulture capitalists need to be stopped and held accountable. Not rewarded with top govt positions or heralded as icons of “success.” Thank you Aaron for writing this powerful expose. I hope your next step is to go on the speaking circuit and get the dialogue started. 99% of the population has no clue what is really going on or how their wealth was hijacked by these charlatans.

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  • Dylan Turney
  • 02-12-19

Amazing and Terrifying

This is my first review of an audiobook, and I must say that it would take a lot for me to go out of my way and share my thoughts on a book. That being said, I think that everybody (ESPECIALLY people in the finance industry) should read or listen to this book. This book tells a detailed history of financial markets, real estate investments, and follows the incredible stories of individuals hit the hardest by the Homewreckers.

I studied finance in my undergrad and recently started working in the high finance/commercial banking sector and while I really thought I understood the history of my fielf, I was gloriously mistaken. This is one of very few books that has completely altered my perspective and I will recommend it till the end of time. Thank you for this masterpiece, Mr. Glantz.

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  • Matthew Pevic
  • 21-01-20

Please listen to this book!!

I now understand the greatest cause of wealth inequality since the Great Recession. I now understand why Los Angeles area rents are egregiously high for many of my friends. What these Homewreckers have done to the American home market is shameful. Owning as many homes as they do, they can price fix like near-monopolies. This book is an eye opener!

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  • Becky
  • 13-01-20

Great book that breaks down the housing crisis

I have a special kind of hate for the people that profited from so much economic hardship now. The book details how the wealth of many was strategically taken from millions of people. These are the people that are now in charge of making policy for the rest of us who (financially) survived the recession.

I've always known what happened, but the detail and the stories that were told in this book really resonated with me. Some people only care about wealth.

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  • Taylor
  • 30-10-19

upsetting and depressing yet informative

it seems like we are at the mercy of these parasites . I hope inthe next lifetime I hope karma kicks them hard

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  • Anonymous User
  • 27-12-20

Very informative

I loved everything about this book ! Being renting from a shell company myself I totally understand all what goes on behind the scenes. High recommended to any wanting to know truth behind these shell companies and other

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  • Jim Bartram
  • 05-08-20

Explains the flaws in US banking system

Excellent book! succinctly explains why the market collapsed who collapsed it most importantly what they're doing now to set up what is likely to be an even worse real estate collapse in 2021!

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  • Michael Camardese
  • 27-03-20

Wrecking The American Dream

Everyone wants to own a home & partake in an adventure that will allow them to live free & one day realize serenity. An added bonus is that the house will increase in value and there will be money to help them live comfortably. Then along come the greedy bastards who want to make money by robbing people of their dreams. The author Aaron Glantz lays out the path the robbers took & how we might change direction to a different path.

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  • Christopher Calhoun
  • 18-03-20

A very informative book on the housing crisis

As a former real estate investor that lost all my properties during the housing crisis of 2008, Aaron has done a fantastic job of explaining how wealth was transferred during this time period. A must read!

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  • Kat Cassidy
  • 13-02-20

compelling topic presented in a simple way

The story raised my blood pressure but it was very interesting and informative. the narration was excellent and everything was explained in a way that makes sense to someone who doesnt understand the financial world