foreclosed homes. for a group of wall street bankers and hedge fund titans, it was an opportunity to snatch up large buildings and home at cheap prices. some of those include people who are now in president trump s inner circle with some playing a key role in housing policy. treasury secretary steve mnuchin. the president s son-in-law and senior advisor jared kushner. and the president s friend and fox news host shawn hanty. in his boek home wreckers how a gang of crooked banks and venture capitalists suckered millions out of their homes and demolished the american dream. aaron glance. senior reporter at the center for investigative reporting takes a closer look at how they did it and how some people have started fighting back. aaron joins me now. aaron, thank you for joining me. thank you for having me. aaron, here s the issue. banks and investors at the time could have made different
personally affected each of your lives? and if it hasn t, how can you honestly find a cure for the economic problems of the common people. if the question maybe i don t want to get it wrong. are you suggesting that if somebody has means that the national debt doesn t affect them? i m not sure i help me with the question and i ll try to answer it. in the same debate, he did this a couple of times. he looked at his watch. there s no twitter back then, no social media back then. the internet is a baby in these days. imagine if you did that in a debate today. here is a man we know from his notes, his charity, points of life, cares deeply about everybody. not a discriminate bone in his body but he had a hard time relating to foreclosed homes, people losing their house and health insurance. and he kept saying yeah but the economy is growing again. i remember walking out of the democratic convention in 88 and democrats were just sure that they were going to win when they
virginia senator manchin. don t wait. thanks glenn. i ll take that to heart. don t wait. thank you. yes timing is everything. as he knows. he s one of the best retail politicians i ve ever seen. in terms of the yes, i think she does have to turn the page. this is an entirely legitimate issue. nevada has always been at the epicenter of a lot of problems. i remember eight years ago, we weren t so much talking about immigration reform in nevada. we were talking about all these foreclosed homes. it was ground zero for that crisis. so this is what the clinton campaign wants to do. they want to pivot to substance and blame the media for not pivoting with them. politico s glenn thrush and one of the great retail politicians in the united states of america senator joe manchin. gentlemen, thank you guys both. thank you. see you, glenn. coming up the republican candidate who won iowa in 2008. he just threw his hat into the 2016 race. we will tell you who it is just ahead. your
institutional investors collective purchases of 200,000 home out of the more than 5,000 sold last year has had a negligible impact on rental rates, end quote. and for this reporting, we also spoke with blackstone right here in new york and invited their staff to appear on this segment. they declined, but they emphasized that blackstone securities, based on these rental homes, are a tiny part of the housing market, currently. they are only present in 14 markets, they say. more than 70% of their aren ts renew, and their purchase of foreclosed homes lead to new ten innoce informants in better neighborhoods. they also disputed reports that their security depends on rental income. they told us, quote, there s no such thing as a rental bond. center for american progress and others have mischaracterized this securitization as that of a rental income from the homes. that s incorrect. this is a securitization of assets themselves. in this case, about 350,000 homes. the same process is currentl