Summary of Aaron Glantz’s Homewreckers

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Aaron Glantz’s Homewreckers (2019) is a detailed account of the reverse mortgages tsunami that wreaked havoc across the USA during the housing crisis, stripping thousands of their homes and leaving them indebted to faceless companies and fraudulent banks. During this wave, some businessmen managed to take advantage of the crisis, use other people’s money, and make billions off risky bets. These men, despite believing they were saving the country from economic disaster, were in fact benefiting from a rigged, weak system that left taxpayers bearing the costs of substantial losses. As a counterpoint, Glantz also details the story of a defrauded couple and how their daughter became a fighter for reform.

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Lydbog: 16. juli 2024