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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

A solid, useful exploration of a system that “needs substantial, systemic change.”

A tale of greed and corruption involving “corporate landlords” who “drove a generational transfer of wealth from hundreds of thousands of individual homeowners to a handful of well-heeled bankers and titans of private equity.”

Many previous books have painted searing portraits of massive financial fraud in the mortgage and investment banking world, including David Dayen’s Chain of Title: How Three Ordinary Americans Uncovered Wall Street’s Great Foreclosure Fraud (2016). While Dayen told his tale mostly from the ground up, Glantz (The War Comes Home: Washington's Battle Against America's Veterans, 2009, etc.), a Peabody Award–winning investigative reporter, relates the saga mostly from the top down. The author spotlights a variety of contemporary robber barons, including Donald Trump before he was president; Trump’s father, Fred; Wilbur L. Ross Jr. before he was the Secretary of Commerce; and Steven T. Mnuchin before he became Secretary of the Treasury. Glantz’s impressive research leads him to portray each of the tycoons as morally bankrupt and utterly without compassion for homeowners who lost their property. Occasionally, the author shifts the narrative to Sandy Jolley, a cheated homeowner who gathered copious amounts of information, found a lawyer willing to present her damning case to the federal government, and stood to gain substantial damages from the bankers under a law meant to reward whistleblowers. As Glantz relentlessly builds the indictment against the bankers, he wonders why law enforcement agencies failed to take any meaningful action. “It’s hard to imagine [deals] so perfectly designed to lazily allow the government to undercut working-class Americans on behalf of a small group of billionaires,” he writes, “but that is exactly what happened again and again.” In addition to the Trumps, Ross, and Mnuchin, Glantz also levels warranted attacks against John Paulson, Jamie Dimon, Jared Kushner, and Sean Hannity. The similarities of the moguls’ many predations may tire some readers, but the insertion of Jolley into the narrative bolsters the storyline.

A solid, useful exploration of a system that “needs substantial, systemic change.”

Pub Date: Oct. 15, 2019

ISBN: 978-0-06-286953-1

Page Count: 432

Publisher: Custom House/Morrow

Review Posted Online: Aug. 17, 2019

Kirkus Reviews Issue: Sept. 1, 2019

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A PEOPLE'S HISTORY OF THE UNITED STATES

For Howard Zinn, long-time civil rights and anti-war activist, history and ideology have a lot in common. Since he thinks that everything is in someone's interest, the historian—Zinn posits—has to figure out whose interests he or she is defining/defending/reconstructing (hence one of his previous books, The Politics of History). Zinn has no doubts about where he stands in this "people's history": "it is a history disrespectful of governments and respectful of people's movements of resistance." So what we get here, instead of the usual survey of wars, presidents, and institutions, is a survey of the usual rebellions, strikes, and protest movements. Zinn starts out by depicting the arrival of Columbus in North America from the standpoint of the Indians (which amounts to their standpoint as constructed from the observations of the Europeans); and, after easily establishing the cultural disharmony that ensued, he goes on to the importation of slaves into the colonies. Add the laborers and indentured servants that followed, plus women and later immigrants, and you have Zinn's amorphous constituency. To hear Zinn tell it, all anyone did in America at any time was to oppress or be oppressed; and so he obscures as much as his hated mainstream historical foes do—only in Zinn's case there is that absurd presumption that virtually everything that came to pass was the work of ruling-class planning: this amounts to one great indictment for conspiracy. Despite surface similarities, this is not a social history, since we get no sense of the fabric of life. Instead of negating the one-sided histories he detests, Zinn has merely reversed the image; the distortion remains.

Pub Date: Jan. 1, 1979

ISBN: 0061965588

Page Count: 772

Publisher: Harper & Row

Review Posted Online: May 26, 2012

Kirkus Reviews Issue: Jan. 1, 1979

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WHEN BREATH BECOMES AIR

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...

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A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.

Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”

A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.

Pub Date: Jan. 19, 2016

ISBN: 978-0-8129-8840-6

Page Count: 248

Publisher: Random House

Review Posted Online: Sept. 29, 2015

Kirkus Reviews Issue: Oct. 15, 2015

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