Ebook Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History, by Matt Taibbi
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Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History, by Matt Taibbi
Ebook Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History, by Matt Taibbi
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Review
“A stinging new history of the financial crisis that heralds a return of Menckenesque, dirt-under-the-fingernails American journalism.”—GQ “A relentlessly disturbing, penetrating exploration of the root causes of the trauma that upended economic security in millions of American homes . . . a full-scale indictment of Wall Street and Washington.”—The New York Times Book Review “Matt Taibbi is [Hunter S.] Thompson’s heir. . . . [Griftopia] is the most lucid, justifiably angry description of what happened and what continues to happen to our nation’s economy.”—Seattle Post-Intelligencer “Taibbi chronicles the corruption of the political process with indignation and dark humor. The takeaway? Be angry, but blame the right culprits.”—Time
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About the Author
Matt Taibbi is a contributing editor for Rolling Stone and the author of four previous books, including the New York Times bestseller The Great Derangement. He lives in Jersey City, New Jersey. From the Hardcover edition.
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Product details
Paperback: 320 pages
Publisher: Spiegel & Grau; unknown edition (September 6, 2011)
Language: English
ISBN-10: 0385529961
ISBN-13: 978-0385529969
Product Dimensions:
5.2 x 0.7 x 8 inches
Shipping Weight: 8.5 ounces (View shipping rates and policies)
Average Customer Review:
4.5 out of 5 stars
438 customer reviews
Amazon Best Sellers Rank:
#87,953 in Books (See Top 100 in Books)
My Dutch wife and I have for a long time discussed the reason US people often vote against their own best self interests and how inequality has evolved so greatly. This is a very complicated and long story, made more difficult to understand by the clever and persistent disinformation. It is akin to the Matrix... nearly impossible to see clearly from within. But Taibbi offers a solid explanation:1. During the time from WW2 until say 1980, rich and rising middle all shared in the temporary prosperity created by turmoil following the war. The middle share came from a combinations of strong labor unions and strong regulations created after the Depression to prevent banks and finance from gaming the economy.2. By 1980 Europe was rebuilt and the Asian countries were beginning to become serious competition. The rich/power class understood that the only was for them to continue to do well, was to take a larger slice of smaller pies!3. In Reagan they found a perfect 'front man'... good actor / not too smart! Start undoing the regulations and participating more directly in government.4. Grabs were made in the S&L crisis (not very successful - people actually went to jail), 5 trillion lost and stolen in Dot-Com, hundreds of billions stolen during oil futures scam in 2008, and maybe 10 trillion in the mortgage scam and Great recession.This con has taken 30 years and is still very much in play. Bubbles of fake value offer huge opportunities for very complicated theft and changes in the laws prevent prosecution. Huge... corrupt the Supreme Court to allow ever more money into politics, buy countless lawmakers, keep telling people be careful... the small amount you are now getting is only thanks to us the job creators. And at the same time, your looney - pit bulls (like Palin, Hannity, or Limbaugh keep shouting out that the enemies of the working class are the poor, minorities, immigrants and the government itself! While we the rich take the cash out the backdoor.Cool book!!!!
Most people I know, be they conservative, liberal, or somewhere in between, try to live decent, moral lives. Well, this book is about the other cats. Ya know, the kind of greedy creatures who eat human hearts for breakfast. Many of these immoral nasty globs of walking excrement, who inhabit the world of Wall Street finance and Washington DC, seem to rationalize their actions as necessary and, heck, even heroic. Ugh. Mr. Taibbi does a nice job explaining in layman's terms why you should be upset with so-called "Masters of the Universe." There's a good reason the book is peppered with sarcastic and righteous indignation. Lying, cheating, as well as scamming are the norm in the land of Mordor and all are abundantly displayed in 'Griftopia.'Mr. Taibbi takes to task newspapers; journalists; the Tea Party; Alan Greenspan; Ayn Rand; Presidents Reagan right through to and including Obama; Wall St. Ponzi schemes; the dot-com. and sub-prime mortgage bubbles; taxation and bailouts, the criminal fiascoes at AIG, Goldman "Sauron" Sachs, Morgan Stanley etc.; the 2008 inexplicable gasoline price hikes which had nothing to do with supply-and-demand; Florida's rocket dockets to deal with home foreclosures, and healthcare insurance cartels who are exempt from anti-trust laws. There's a lot of people to hate in this thing. If you don't step away from 'Griftopia' better informed and ticked off then there's a 99.9% probability you're one seriously dumb-as-dirt masochist.Much like Pulitzer-Prizewinner-for-Beat-Reporting David Kay Johnson's excellent work ('Perfectly Legal,' 'Free Lunch,' 'The Fine Print',) Mr. Taibbi is a solid muckraking journalist who is smart, insatiably curious and knows how to explain issues in a clear, entertaining manner. Mr. Taibbi is so good, I'm going to be picking up his other works. It's a great way to become a better informed citizen and the ensuing anger will clean out the plaque buildup clogging your arteries.
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