Tuesday, December 6, 2016

Making Money From Foreclosing on People's Homes - For Blackstone It's The American Way

So What if Hundreds of Thousands Are Homeless - Greedy Fund Managers Making Money is What is Important.

When the financial crisis hit millions lost their homes to foreclosure.  And Blackstone found a way to exploit the misery, which of course if what peole like Blackstone, a Wall Street vulture did.

"Blackstone and others investors believed that the housing collapse presented a rare opportunity to acquire homes for less than it cost to build them. Millions of foreclosures created a market large enough to justify investing in large systems to manage and maintain sprawling portfolios of rental homes."

As for the people who lost their homes, well too bad.  They should have become wall street greed masters.

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