Trump Associate & "Slumlord" Tom Barrack Resigns One Day After Probe of Housing Crisis
June 12, 2017
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7:35Now PlayingTrump Associate & "Slumlord" Tom Barrack Resigns One Day After Probe of Housing Crisis
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as posted by the channelWe end today’s show looking at the real estate dealings of another one of Donald Trump’s closest associatesThomas Barrack. Last week, the reporter Aaron Glantz of the investigative news site Reveal exposed how Barrack profited off the housing crisis by buying 31,000 single family homesmostly foreclosuresthen bumped up the rents and in many cases allowed the properties to fall into disrepair. Glantz reported that Barrack’s actions as head of Colony Starwood Homes made him tantamount to a modernday slumlord. On Fridayone day after Glantz’s piece was publishedBarrack sold all of his stock in Colony Starwood Homes and resigned his position as cochair of its Board of Trustees.
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