Trump Associate and “Slumlord” Tom Barrack Resigns One Day After Probe of Housing Crisis

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We end today’s show looking at the real estate dealings of another one of Donald Trump’s closest associates: Thomas 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 homes—mostly foreclosures—then 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 modern-day slumlord. On Friday—one day after Glantz’s piece was published—Barrack sold all of his stock in Colony Starwood Homes and resigned his position as co-chair of its Board of Trustees.

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