They Made a Killing on the Mortgage Crisis. Now They Run Trump's America.
The Mother Jones Podcast
Mother Jones
4.5 • 1.1K Ratings
🗓️ 18 December 2019
⏱️ 29 minutes
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Summary
Some of the people who screwed over American families during the Great Recession of 2008 are still around, and they're lurking in the shadows: they're in President Donald Trump's orbit, and in his cabinet. Steve Mnuchin. Wilbur Ross. These are just two swamp-dwellers who foreclosed on the sick and elderly during a time when millions of jobs were lost in the biggest layoffs since 1945. Now, some of these modern-day robber barons are helping write national housing policies. What does that mean for the American dream? Soon after the crash, Aaron Glantz, a senior reporter for Reveal, started going around San Francisco knocking on doors, meeting people who were falling back on their skyrocketing mortgages and about to give into the banks. He noticed something strange. These homes were being foreclosed on, bought, and sold by the same few people, and they were making a killing. Glantz wrote about it in his recent book "Homewreckers", which was released in October. On this show, he tells host Jamilah King how the swamp creatures from the mortgage crisis are being resuscitated by Trump.
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| 0:00.0 | This is the Mother Jones Podcast. I'm Jamila King in New York. |
| 0:05.0 | On today's show, the government controls who can or can't get housing in America, |
| 0:19.0 | and in Trump's America, some of the people in government are the same people who screwed you and |
| 0:26.5 | your families during the Great Recession of 2008. |
| 0:29.8 | They're still around. |
| 0:31.7 | And they're not even in the shadows they are in Trump's orbit and in |
| 0:36.0 | Trump's cabinet and it's not good for you or that thing some people claim still |
| 0:42.0 | exists the American dream stick around Or that thing some people claim still exists, |
| 0:42.8 | the American Dream. |
| 0:44.0 | Stick around. But before we start today's show, James West executive producer is here and we're going to talk about money. |
| 1:03.4 | Money, money. |
| 1:04.3 | And making the Mother Jones podcast, which takes money. |
| 1:07.4 | So, James, what's going on? |
| 1:08.9 | So it's December. |
| 1:10.1 | You know that. |
| 1:11.0 | What happens in December is organizations like ours, which are reader supported, listener supported, |
| 1:17.0 | they make the most money in this month. Any regular listener of the Mother Jones podcast or reader of the website in the magazine |
| 1:24.5 | know that we've been on a big fundraising drive really coming down to the wire right now. |
| 1:30.5 | But I have a question for you, Jamila. |
| 1:33.0 | All right, hit me. |
| 1:34.0 | How much advertising money comes in because of the Mother Jones podcast? |
| 1:38.0 | Just give me this. |
... |
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