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PE firms like Blackstone “shamelessly” profited off real estate destruction they caused: Warren

Some of the same Wall Street firms that tanked the dream of home ownership for millions of American families are now the country’s biggest landlords and are “shamelessly” profiting off the destruction they caused, wrote Sen. Elizabeth Warren in a Nov. 18 post on Medium. Warren, who is running for president, said PE firms like Blackstone went on a “shopping spree” in the wake of the 2008 financial crisis, snatching up apartment complexes and single-family homes that had been foreclosed.