Griftopia

Griftopia

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

Book - 2010
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Random House, Inc.
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.

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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.

Blackwell Publishing
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 economics 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 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.

Baker
& Taylor

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.
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.

Publisher: New York : Spiegel & Grau, c2010
Description: 252 p. ; 25 cm
ISBN: 9780385529952
0385529953
Branch Call Number: 973.932 Tai

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e
enjoypolo
Jul 27, 2018

Love the book, and really one of the few writers who actually took the time to figure out what the heck it all means. subprime loans, credit default swaps, CDOs, Sovereign wealth Funds.
I started the book expecting to read about the Financial Crisis, and it ended up going in depth into how really the Banks, and their overseers, the Federal Reserve own the world's economies and their indebted slaves (aka us, the plebs) in this buy-all-get-distracted Disneyworld.

One day, I would hope Taibbi with his insights would have the courage to look into the big Families (Warburg, Rockefellers, Rothschilds, Bushes) along with Bank of International Settlements which financed both sides of the two World Wars to put things into context.
We are a society that has been engineered by bankers through corporations as a proxy inventing a corporate-fascist technocracy that uses Edward Bernay's Propaganda tactics to make itself look benevolent and innocent. A document that precisely exposes the full spectrum dominance of sovereign nations through money is the illuminating document called "Silent Weapons for Quiet Wars". I dare anyone to read the content and judge for themselves if we are not living in that world that Taibbi exposes in details.

This is sobering reminder that behind so-called New World Order conspiracies, there are trails that are undeniable, such as those that Taibbi exposes in this book.

Marinetti Aug 10, 2015

This is an excellent and lucid look at the biggest financial rip off in US history- amazingly, no one involved in the fraud has been prosecuted.

p
Persnickety77
Nov 19, 2014

Taibbi manages to take something considered boring and complicated and boils it down to interesting and understandable bits of information. He shows just how deep the control Wall Street has over our elected officials goes. Eye-opening and depressing

redban Oct 01, 2014

A masterpiece by Matt Taibbi; investigative journalism at its very best. This is for concerned citizens struggling through all the Economics verbiage and purposeful-complexity; this is THE book to start with.

Griftopia plows through all the pseudo-"scholarly" barriers and exposes those at the top of the Financial scam who gorge themselves while we plow on in confusion.

You'll finally grasp the rigging behind the Tech and Housing bubbles. The systemic fraud lobbied by the big banksters. Oil prices rising because of the Commodities market scam. The Obamacare giveaway to Insurance and Big Pharma. And the pathology of big banks. Please connect the dots and understand how this affects our entire quality-of-life! (job-security/healthcare/pension/environment/education/housing/security)

This book exposes the Financial Crisis like no other! Also recommended is Taibbi's follow-up: "The Divide"

...For a book on solutions: "The Democracy Project" by David Graeber

j
jkeaton
May 28, 2014

Matt Taibbi is proving to be one of the best investigative journalists of our time - and a good writer, if somewhat prone to 'shock words'. This book may not sound academic, but the research depth and breadth is evident, and his descriptions of how the financial upper class is stealing from ordinary Americans (and the rest of the world) may leave you enraged and frustrated at times.

Highly recommended!

s
StarGladiator
Aug 15, 2013

Taibbi adds his concise and intelligent addition to the honest voices out there (Nomi Prins, Les Leopold, Chris Hedges, Michael Parenti and Christian Parenti, Ellen Schultz [Retirement Heist], Linda McQuaig [Billionaires' Ball], Pam Martens and others. Together, with his later articles and blog posts detailing the just how everything is financially rigged - - and really, he is still just scratching the surface here - - regarding LIBOR rates, interest rate swap rates, oil price rigging, gold and silver rigging, plus as yet to be mentioned: internalization (where the top banksters and hedge funds buy retail stock trades and match them up internally on their own systems, allow rigged trades upon trades upon trades, etc.).

c
capitalcity
Jun 25, 2013

If, instead of doing a rant, Rick Mercer wrote a book, Griftopia would fit the bill. Here, exposed in broad daylight, are the looters who do the bidding of the banksters, politicos and their sycophant public sector bureaucrats, to shakedown, fleece and rip off a clueless, attention deficit disorder afflicted public; self-entitled cabals with snouts in every trough extant. As noted by an astute observer of the scene, we have 'cartels, rentier arrangements, fiefdoms and legioins of toadies, lackeys, apparatchiks and embezzlers' sponging off the peasants and muppets that constitute the populace at large.
Trust no one my friend, no one.

k
kcm99
Aug 10, 2012

The manifesto of Occupy Wall Street.

g
gb2k
Jun 23, 2012

Terrific investigative reporting.
Matt writes for Rolling Stone and is a leading reporter on Wall Street
vulture capitalism.
I especially like his chapters on Alan Greenspan, "The Biggest Asshole in the Universe" and the last chapter on Goldman Sachs, which outlines 30 years of corrupt and criminal business/political practices.

g
gb2k
Jun 23, 2012

Terrific investigative reporting.
Matt writes for Rolling Stone and is a leading reporter on Wall Street
vulture capitalism.
I especially like his chapters on Alan Greenspan, "The Biggest Asshole in the Universe" and the last chapter on Goldman Sachs, which outlines 30 years of corrupt, criminal business/political practice.

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