Other People's Money: Inside the Housing Crisis and the Demise of the Greatest Real Estate Deal Ever M ade

By Charles Bagli
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"Other People's Money" by Charles Bagli offers a gripping and eye-opening exploration of the world of real estate and high-stakes finance. This book delves into the captivating story of the Tishman Speyer company's audacious purchase of the iconic Stuyvesant Town and Peter Cooper Village in Manhattan.

Bagli meticulously chronicles the deals, negotiations, and ruthless ambition that led to one of the biggest real estate gambles in history. The book highlights the complex web of financial maneuvering and reveals how Wall Street investors took advantage of government-backed mortgages to amass enormous profits.

Through in-depth interviews with key players and extensive research, Bagli masterfully unveils the personalities and motivations behind the deal. He explores the consequences of the purchase on the longtime residents of the property and the broader implications for the city of New York.

"Other People's Money" uncovers the tactics employed by real estate moguls to exploit the market and maximize returns. Bagli expertly portrays the collision between private interests and public welfare, shedding light on the ethically murky world of real estate and finance.

With its engaging storytelling and meticulous investigation, "Other People's Money" is a compelling read that provides valuable insights into the high-stakes world of real estate and the alarming influence of money and power.
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