,
4 tweets,
1 min read
Read on Twitter
Yesterday, federal prosecutors subpoenaed President Trump's inaugural committee for documents about donors, finances and activities.
You might remember some of our reporting on the committee's chairman, Tom Barrack: revealnews.org/article/profit…
You might remember some of our reporting on the committee's chairman, Tom Barrack: revealnews.org/article/profit…
Barrack is one of Trump’s closest friends and confidants.
In recent years, he took advantage of the Great Recession to build an unprecedented real estate business that makes him tantamount to a modern-day slumlord.
In recent years, he took advantage of the Great Recession to build an unprecedented real estate business that makes him tantamount to a modern-day slumlord.
The business plan started shortly after the housing market crashed. It worked like this:
*Buy up homes.
*Bump up rents.
*Allow the properties to fall into disrepair.
*Buy up homes.
*Bump up rents.
*Allow the properties to fall into disrepair.
In other words, the crash had winners and losers. Barrack was one of the winners. We explained in this 2017 episode: revealnews.org/episodes/after…
