How 'Vulture Capitalists' Changed Homeownership And The American Dream
For many families, a house can be the greatest financial asset over a lifetime. More than two-thirds of Americans owned their own home by the new millennium, but the financial crisis in 2008 led to a debilitating collapse of the housing market.
Over a decade later, homeownership in the United States has yet to recover, disproportionately affecting the working class and communities of color.
Award-winning journalist Aaron Glantz talks to "The Source" about his new book "Homewreckers," revealing the players who profited after the housing bust. Some of these property investors and businessmen are associates of President Trump or part of his administration.
What changes within the real estate and banking systems provoked this financial phenomenon? Has anyone been held accountable? Can the public help prevent future damage?
What is the long-term impact on America's workforce? How do communites across the country cope with the social consequences of the Great Recession?
Guest: Aaron Glantz, author of "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" and award-winning journalist.
"The Source" is a live call-in program airing Mondays through Thursdays from 12-1 p.m. Leave a message before the program at (210) 615-8982. During the live show, call 210-614-8980, email firstname.lastname@example.org or tweet @TPRSource.
*This interview was recorded on Thursday, October 31.