Homewreckers (Rebroadcast)

Reveal

The Center for Investigative Reporting and PRX

News

4.7 • 8K Ratings

🗓️ 16 May 2020

⏱️ 52 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

After the housing bust, a group of men profited by destroying the American dream of homeownership for hundreds of thousands of families. On Reveal, we learn how these Homewreckers did it and expose how that’s putting our economy at risk amid the COVID-19 pandemic.

This episode originally was broadcast Oct. 19, 2019.

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Transcript

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0:00.0	From the Center for Investigative Reporting in PRX, this is revealed.
0:08.0	I'm Al Letson, and I don't have to tell you.
0:11.7	The coronavirus has thrown our country into an economic crisis.
0:16.2	Tens of millions are out of work.
0:19.1	Many can't pay their mortgage or their rent.
0:21.8	Cars are lined up for miles at food banks.
0:24.6	But there are people who see an economic crisis as an opportunity.
0:28.5	There's area of the economy.
0:29.5	It's the best thing this ever has occurred.
0:32.0	That's Treasury Secretary Steve Manuchin in March.
0:35.0	I look back at people who bought stocks after the financial crisis for long-term investors.
0:40.3	This will be a great investment opportunity.
0:42.8	Manuchin's leading the country's economic rescue efforts.
0:46.0	He's overseeing a $500 billion corporate bailout package.
0:51.1	Democrats like Senator Bob Manendez are calling that a slush fund.
0:55.9	Basically the Secretary of Treasury can say,
0:58.1	I like you.
1:00.1	You get this.
1:01.1	I don't like you.
1:02.1	You get nothing.
1:03.6	There's no transparency.
1:06.6	We've been following Manuchin for a long time.
	...

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