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

av Matt Taibbi

MedlemmarRecensionerPopularitetGenomsnittligt betygOmnämnanden
8403926,540 (4.16)16
The financial crisis that exploded in 2008 only prologue. The 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 story, digging beyond the headlines to get into the deeper roots and wider implications. He traces the movement's origins to Ayn Rand and her most influential acolyte, Alan Greenspan; 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 with an inside account of the high-stakes battle for health-care reform--a battle the true reformers lost.--From publisher description.… (mer)
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» Se även 16 omnämnanden

engelska (38)  spanska (1)  Alla språk (39)
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One of Taibbi's great skills is to make complex financial, political and other intentionally Kafkaesque bureaucratic institutions relatively clear to the lay person. He does this with a sense of humor rooted in easily relatable righteous indignation, rather than the smugness of a P.J. O'Rourke or ego overload of Hunter S. Thompson. Griftopia is the most lucid account of the financial collapse I've read, and it also does a good job of explaining how wretchedly awful Obama's health care "reform" actually is. As angry and disgusted as I was made to feel reading this, it's one of the few books I would recommend to everyone I know, just so we're all on the same page regarding how fucked we all really are. ( )
  ecdawson | Jan 22, 2024 |
I don't have a lot to add to what some other's have written about this book. Having lived through these financial events and experienced the frustration, as a working stiff, of seeing mega-assholes fuck up the economy then get bailed out by the taxpayer, it is nice to find a writer who actually CALLS them assholes.

Yes, that is kind of a petty way to feel, but I'm good with it. ( )
  bloftin2 | May 4, 2023 |
It feels really good to read something by someone as truly pissed off about the economic situation as Taibbi is. He's not a financial reporter. He has not drunk the CNBC Kool-Aid. There are parts of this book (notably the chapter on Alan Greenspan) that feel a tad drawn out, but overall, his rage against Goldman Sachs and the rest of the crooks is sustained and deserved. It's a good read if you're feeling disillusioned by the state of things. ( )
  bookwrapt | Mar 31, 2023 |
Fantastic and provocative. Takes Democrats to task as much as or more than the GOP for selling our government to banks/insurance companies. Taibbi's incredulous and totally biased tone works--how could you not take a position against this bullshit? ( )
  Adamantium | Aug 21, 2022 |
I slept through half of the book and it wasn't an audio book. I don't remember long stretches of it. I had to force myself to read it and I normally love Taibbi. So, yeah. This is why we have the government that we do. ( )
  rabbit-stew | Jun 26, 2022 |
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The shelves are full of books describing how Wall Street turned mortgage markets into a casino. Goldman’s dealings with A.I.G. have been probed in the pages of this newspaper, among others. What Taibbi brings is a broader context and his trademark snarky prose. He has written a polemic, a full-scale indictment of Wall Street and Washington, one that sometimes veers toward ranting, yet serves as a needed antidote to the more even-tempered but fatuous accounts already available.
 
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The financial crisis that exploded in 2008 only prologue. The 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 story, digging beyond the headlines to get into the deeper roots and wider implications. He traces the movement's origins to Ayn Rand and her most influential acolyte, Alan Greenspan; 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 with an inside account of the high-stakes battle for health-care reform--a battle the true reformers lost.--From publisher description.

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