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TRUMP BLINDSIDES WALL STREET ALLIES WITH CRACKDOWN ON HOUSING INVESTORS
Blackstone Chief Executive Officer Stephen Schwarzman helped launch Wall Street into the business of buying and renting out single-family homes in the aftermath of the 2008 housing crash.
This past week, his firm and others across the industry were blindsided when President Trump—himself a property mogul whom many in the sector consider an ally—said he plans to boot investors from the market.
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