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Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History


Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Cover

ISBN13: 9780385529969
ISBN10: 0385529961
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The dramatic story behind the most audacious power grab in American history


The financial crisis that exploded in 2008 isn’t past but prologue. The stunning rise, fall, and rescue of Wall Street in the bubble-and-bailout era was the coming-out party for the network of looters who sit at the nexus of American political and economic power. 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 for a generation, transferring wealth upward through increasingly complex financial mechanisms and political maneuvers. The crisis was only one terrifying manifestation of how they’ve hijacked America’s political and economic life.

Rolling Stone’s Matt Taibbi here unravels the whole fiendish story, digging beyond the headlines to get into the deeper roots and wider implications of the rise of the grifters. He traces the movement’s origins to the cult of Ayn Rand and her most influential—and possibly weirdest—acolyte, Alan Greenspan, and offers fresh reporting on the backroom deals that decided the winners and losers in the government bailouts. He uncovers the hidden commodities bubble that transferred billions of dollars to Wall Street while creating food shortages around the world, and he shows how finance dominates politics, from the story of investment bankers auctioning off America’s infrastructure to an inside account of the high-stakes battle for health-care reform—a battle the true reformers lost. Finally, he tells the story of Goldman Sachs, the “vampire squid wrapped around the face of humanity.”

Taibbi has combined deep sources, trailblazing reportage, and provocative analysis to create the most lucid, emotionally galvanizing, and scathingly funny account yet written of the ongoing political and financial crisis in America. This is essential reading for anyone who wants to understand the labyrinthine inner workings of politics and finance in this country, and the profound consequences for us all.

From the Hardcover edition.



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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mallory e, January 11, 2012 (view all comments by mallory e)
This book is a full-on no-holds-barred enlightenment of information EVERYONE needs to know. Matt Taibbi expresses truths that are unfathomable; as common people, we hear news bits and then we are distracted. Taibbi alludes to the fact this may be intentional to keep us ignorant. Working as an almost advanced explanation without being too esoteric, Griftopia shows us how all people are not safe from the actions of big business. Written for us common folks, the book outlines specific covert actions of the American banking system, housing market, stock market and downright push of "the man" over the little people. Extremely timely and undeniably accurate, this account of the "state of the world" is a must read - it will catch you up on the entangled mess of politics and money. This piece on history is yet another repeat of history because the systems are undercover and broken.
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Richard Tamm, January 1, 2012 (view all comments by Richard Tamm)
I love Matt Taibbi! He is so insightful and ascerbic toward the economic criminals on Wall Street and their partners-in-crime in the courts, the SEC, and the federal government. This is another great book by him that brings insight based on a LOT of research and detail not found anywhere else except maybe in the many great, long, detailed articles on this subject that he authors and are published in Rolling Stone magazine. I highly recommend it. The crimes he details are very deserving of the 4-letter words which don't begin to describe the outrage we should all be feeling about the crimes committed.
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Product Details

Taibbi, Matt
Spiegel & Grau
economics;politics;finance;non-fiction;corruption;banking;history;business;financial crisis;current events;capitalism;wall street
Edition Description:
Trade paper
Publication Date:
Grade Level:
8 x 5.17 x 0.62 in 0.5 lb

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History and Social Science » Politics » United States » Culture
History and Social Science » Politics » United States » Politics

Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History New Trade Paper
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Product details 320 pages Spiegel & Grau - English 9780385529969 Reviews:
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