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
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Narrated by:
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Paul Bellantoni
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By:
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Aaron Glantz
About this listen
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 HarperAudioListeners also enjoyed...
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Who is Bernie Madoff, and how did he pull off the biggest Ponzi scheme in history? These questions have fascinated people ever since the news broke about the respected New York financier who swindled his friends, relatives, and other investors out of $65 billion. Many have speculated about what must have happened, but no reporter has been able to get the full story - until now. Diana B. Henriques of the New York Times has written the definitive book on the man and his scheme.
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The best of 3 madoff books
- By Angela willis on 03-18-13
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Reckless Endangerment
- How Outsized Ambition, Greed, and Corruption Led to Economic Armageddon
- By: Gretchen Morgenson, Joshua Rosner
- Narrated by: L. J. Ganser
- Length: 11 hrs and 57 mins
- Unabridged
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In Reckless Endangerment, Gretchen Morgenson, the star business columnist of The New York Times, exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the actions that finally blew up the American economy.
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Required reading
- By David on 10-24-11
By: Gretchen Morgenson, and others
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Pound Foolish
- Exposing the Dark Side of the Personal Finance Industry
- By: Helaine Olen
- Narrated by: Lyn Landon
- Length: 9 hrs and 1 min
- Unabridged
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For the past few decades, Americans have spent billions of dollars on personal finance products. As salaries have stagnated and companies have cut back on benefits, we've taken matters into our own hands, embracing the can-do attitude that if we're smart enough, we can overcome even daunting financial obstacles. But that's not true. In this meticulously reported and shocking audiobook, journalist and former financial columnist Helaine Olen goes behind the curtain of the personal finance industry to expose the myths, contradictions, and outright lies it has perpetuated.
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The dark side of my industry
- By jfoxcpacfp on 06-15-13
By: Helaine Olen
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Profiles in Corruption
- Abuse of Power by America’s Progressive Elite
- By: Peter Schweizer
- Narrated by: Charles Constant
- Length: 7 hrs and 23 mins
- Unabridged
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In Profiles in Corruption, Schweizer offers a deep-dive investigation into the private finances and secrets deals of some of America’s top political leaders. And, as usual, he doesn’t disappoint, with never-before-reported revelations that uncover corruption and abuse of power - all backed up by a mountain of corporate documents and legal filings from around the globe. Learn about how they are making sweetheart deals, generating side income, bending the law to their own benefits, using legislation to advance their own interests, and much more.
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Enlightening & Horrifying!!
- By Kay Lo on 01-22-20
By: Peter Schweizer
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How Money Became Dangerous
- The Inside Story of Our Turbulent Relationship with Modern Finance
- By: Christopher Varelas, Dan Stone
- Narrated by: Roger Wayne
- Length: 14 hrs and 43 mins
- Unabridged
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From a veteran of the trade, a provocative and entertaining voyage into the turbulent heart of modern money that sheds new light on the rise of our threatening and complicated financial system, how money became our adversary, and why finding a new course is crucial to a healthy society.
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Must read
- By Craig M. Stratton on 02-08-20
By: Christopher Varelas, and others
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The Greatest Trade Ever
- The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History
- By: Gregory Zuckerman
- Narrated by: Marc Cashman
- Length: 11 hrs and 40 mins
- Unabridged
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In 2006, hedge fund manager John Paulson realized something few others suspected - that the housing market and the value of subprime mortgages were grossly inflated and headed for a major fall. Paulson's background was in mergers and acquisitions, however, and he knew little about real estate or how to wager against housing. He had spent a career as an also-ran on Wall Street. But Paulson was convinced this was his chance to make his mark. He just wasn't sure how to do it. Colleagues at investment banks scoffed at him and investors dismissed him.
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Better Books Now Available
- By David on 05-02-11
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Richistan
- A Journey Through the American Wealth Boom and the Lives of the New Rich
- By: Robert Frank
- Narrated by: Dick Hill
- Length: 7 hrs and 32 mins
- Unabridged
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The rich have always been different from you and me, but this revealing and funny journey through Richistan entertainingly shows that they are more different than ever. Richistanis have 400-foot-yachts, 30,000-square-foot homes, house staffs of more than 100, and their own "arborists". They're also different from Old Money, and have torn down blue-blood institutions to build their own shining empire.
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Ho Hum....being rich is work!
- By Scarlett on 06-16-07
By: Robert Frank
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Fulfillment
- Winning and Losing in One-Click America
- By: Alec MacGillis
- Narrated by: Danny Gavigan
- Length: 12 hrs and 22 mins
- Unabridged
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Alec MacGillis’ Fulfillment is not another inside account or exposé of our most conspicuously dominant company. Rather, it is a literary investigation of the America that falls within that company’s growing shadow. As MacGillis shows, Amazon’s sprawling network of delivery hubs, data centers, and corporate campuses epitomizes a land where winner and loser cities and regions are drifting steadily apart, the civic fabric is unraveling, and work has become increasingly rudimentary and isolated.
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Missing some important angles
- By D. Zimmerle on 08-19-21
By: Alec MacGillis
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Bought and Paid For
- The Unholy Alliance Between Barack Obama and Wall Street
- By: Charles Gasparino
- Narrated by: Lloyd James
- Length: 9 hrs and 32 mins
- Unabridged
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According to business reporter Charles Gasparino, President Obama is faking his outrage at Wall Street, and his calls for new policies to rein in banks that are "too big to fail" are just pabulum. In reality, Obama has climbed into bed with Wall Street CEOs, giving them what they want so they will support his liberal, big-government agenda.
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Revealing and Convincing
- By Walter on 10-24-11
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Iceland's Secret
- The Untold Story of the World's Biggest Con
- By: Jared Bibler
- Narrated by: Jared Bibler
- Length: 9 hrs and 57 mins
- Unabridged
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Born in Massachusetts, Jared Bibler relocated to Iceland in 2004 only to find himself in the middle of an unprecedented financial crisis a handful of years later. Personally wiped out and seeking to uncover the truth about a collapse that brought the pastoral country to its knees, he became the lead investigator into some of the largest financial crimes in the world. This work helped Iceland to famously become the only country to jail its bank CEOs in the wake of the 2008 crisis.
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Excellent description of Icelands finacial crash
- By CJF on 08-19-24
By: Jared Bibler
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Who Stole My Pension?
- How You Can Stop the Looting
- By: Robert T. Kiyosaki, Edward Siedle
- Narrated by: Tom Parks
- Length: 9 hrs and 52 mins
- Unabridged
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It’s estimated that there are over 50 million pensioners - in the United States alone. Like the United States, the United Kingdom, Japan, Italy, Germany and many other countries around the world are all in big trouble when it comes to the solvency of their pension funds. Who Stole My Pension? was written to give them guidance, resources, and tools so they can take action...and stop the looting.
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Very Eye Opening
- By Matt on 01-12-22
By: Robert T. Kiyosaki, and others
What listeners say about Homewreckers
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- Tim
- 10-30-19
A must read for every American!
Of and by the people? Then the people need to know What's really going on.
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- Christopher Calhoun
- 03-18-20
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
- 02-13-20
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
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- Chio
- 12-18-19
Despicable and deplorable actions of the 1%
to widen the wealth gap at expense of American citizens orchestrated by the White House
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- kayteethom
- 11-29-21
blew our minds
every minority in america should read / listen it’s definitely and eye opener. Def have a better understanding of this crooked country
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- Michael Camardese
- 03-27-20
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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- Jim Bartram
- 08-05-20
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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- Sheltr9 Design + Build
- 01-15-20
Great source of truth
Beautifully structured and systematic approach to unwrapping the truth. Everyone who owns a small business and a home needs to read this book!
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- Allie P.
- 11-02-21
Overall good book about the housing bubble and aftermath.
It was well researched and written. It talked about the housing bubble in a way that the average person could under but still gave good information. The only criticism I have is that the authors bias is well known throughout the book, nevertheless the information given is helpful in understanding the aftermath of the housing bubble.
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- Anonymous User
- 12-27-20
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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