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    Julie Schumacher 9780385538138

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Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America

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Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America Cover

 

Synopses & Reviews

Publisher Comments:

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.

Synopsis:

Matt Taibbi is a contributing editor for Rolling Stone and the

Synopsis:

The best-selling author of The Great Derangement examines American financial, political and media power and argues that the dramatic series of events that led to the financial crisis also resulted in a complete shift of power to the self-interested elite.

Table of Contents

The grifter archipelago, or, Why the Tea Party doesn't matter — The biggest asshole in the universe — Hot potato : the great American mortgage scam — Blowout : the commodities bubble — The outsourced highway : wealth funds — The trillion-dollar band-aid : health care reform — The great American bubble machine.

Product Details

ISBN:
9780385529976
Subtitle:
Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America
Publisher:
Spiegel & Grau
Author:
Taibbi, Matt
Author:
Matt Taibbi
Subject:
Business & Economics : General
Subject:
Government - National
Subject:
General
Subject:
Government - U.S. Government
Subject:
Conspiracy & Scandal Investigations
Subject:
Current Affairs-General
Subject:
Politics - General
Subject:
Politics-United States Culture
Subject:
Politics-United States Politics
Subject:
Political Science : Government - National
Subject:
NEWARRIVAL-HIST/SOC
Subject:
main_subject
Subject:
all_subjects
Publication Date:
20101102
Binding:
ELECTRONIC
Language:
English
Pages:
252

Related Subjects

Business » Business Law
Business » General
Business » History and Biographies
Health and Self-Help » Psychology » General
History and Social Science » Economics » General
History and Social Science » Politics » General
History and Social Science » Politics » United States » Politics
History and Social Science » World History » General

Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America
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Product details 252 pages Random House Publishing Group - English 9780385529976 Reviews:
"Synopsis" by , Matt Taibbi is a contributing editor for Rolling Stone and the
"Synopsis" by , The best-selling author of The Great Derangement examines American financial, political and media power and argues that the dramatic series of events that led to the financial crisis also resulted in a complete shift of power to the self-interested elite.
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