Elizabeth Warren called out Blackstone Group Inc. for its real estate practices as she laid out her tenants’ rights plan, accusing the company of “shamelessly” profiting from the 2008 housing crisis.
[…] Warren assailed Blackstone for going on a “shopping spree” in the wake of the 2008 crisis and buying apartments and single-family homes that had been foreclosed. […]
“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 — profiting off the destruction they caused,” Warren wrote in her post.