A brilliantly illuminating and darkly comic tale of the ongoing financial and political crisis in America
The financial crisis that exploded in 2008 isn’t past but prologue. The grifter class—made up of the largest players in the financial industry and the politicians who do their bidding—has been growing in power, and the crisis was only one terrifying manifestation of how they’ve hijacked America’s political and economic life.
Matt Taibbi has combined deep sources, trailblazing reportage, and provocative analysis to create the most lucid, emotionally galvanizing account yet written of this ongoing American crisis. He offers fresh reporting on the backroom deals of the bailout; tells the story of Goldman Sachs, the “vampire squid wrapped around the face of humanity”; and uncovers the hidden commodities bubble that transferred billions of dollars to Wall Street while creating food shortages around the world.
This is essential reading for anyone who wants to understand the labyrinthine inner workings of this country, and the profound consequences for us all.
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|Title of Business & Economics eBook: Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America|
|Release Date: 11-02-2010|
|Allowed Countries (hover)|
|Publisher: Spiegel & Grau|
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Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America
The Grifter Archipelago;
or, Why the Tea Party
"Mr Chairman, delegates, and fellow citizens ."
The roar of the crowd is deafening Arms flailing spastically as the crowd pushes and shoves in violent excitement, I manage to scribble in my notebook: Place going absolutely apeshit?
It's September 3, 2008 I'm at the Xcel Center in St Paul, Minnesota, listening to the acceptance speech by the new Republican vice- presidential nominee, Sarah Palin The speech is the emotional climax of the entire 2008 presidential campaign, a campaign marked by bouts of rage and incoherent tribalism on both sides of the aisle After eighteen long months covering this dreary business, the whole campaign appears in my mind's eye as one long, protracted scratch-fight over Internet-fueled nonsense.
Like most reporters, I've had to expend all the energy I have just keeping track of who compared whom to Bob Dole, whose minister got caught griping about America on tape, who sent a picture of whom in African ceremonial garb to Matt Drudge and because of this I've made it all the way to this historic Palin speech tonight not having the faintest idea that within two weeks from this evening, the American economy will implode in the worst financial disaster since the Great Depression.
Like most Americans, I don't know a damn thing about high finance The rumblings of financial doom have been sounding for months now-the first half of 2008 had already seen the death of Bear Stearns, one of America's top five investment banks, and a second, Lehman Brothers, had lost 73 percent of its value in the first six months of the year and was less than two weeks away from a bankruptcy that would tr...
Title: Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America July 1, 2012 The book is a little rambling, but these people are pretty devious. Reading about them is time well spent.
Average Customer Review:
Number of Comments: 2 Rating(s) 1 Review(s)
Reviewer: A reader from SEATTLE, WA USA
July 1, 2012
The book is a little rambling, but these people are pretty devious. Reading about them is time well spent.
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