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.
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 listening for anyone who wants to understand the labyrinthine inner workings of politics and finance in this country, and the profound consequences for us all.
©2010 Matt Taibbi (P)2010 Random House Audio
Taibbi proved himself to be one of the best journalist to cover the 2008 collapse. This is particularly amazing when you consider that he wasn't really an economics/financial guy before that. He learned as he went along, and learned fairly well. Or maybe it's more of a condemnation of the mainstream press, I'm not sure.
Either way, Taibbi has a razor sharp whit and covers this mess with good clarity. It would be more funny if it wasn't so maddening. There are quite a few books on this subject, but Taibbi does a great job of breaking down complex financial follies into language that you can understand and putting the whole thing in perspective.
The best chapter in the book has to be the Greenspan chapter. Absolutely hilarious.
This is better researched and argued than any of Michael Moore's works. An extremely hard-hitting book that also has humor and wit (eXile readers will know what I am talking about). Taibbi at his best. A must listen.
Enjoyed this book very much, made what could have been dull into an interesting and insightful experience.
Matt Taibbi does a great job explaining and discussing the events and the key characters surrounding the 2008 Financial Crisis. He meticulously explains very convoluted financial concepts and terms in a clear, and often, hilarious manner.
I enjoyed this book overall but I do have a couple gripes about it. Most notably, I think Matt Taibbi paints a very bleak (and most likely true) image of our capitalist society. However, I felt like he didn't really present any solutions as to how to improve or to prevent something like this from occurring again. Reading the book makes one very worried about the future of America but at the same time, one feels disempowered to take action.
Overall, however, I would highly recommend this book to anyone seeking to understand the basics of this important issue before they delve into the more sophisticated elements.
I've read many books about the financial collapse. This one was by far the most entertaining-perhaps because it didn't hold onto some sort of reverence for the financial elite while discussing the topic.
Facts, humor and an awesome narrator make Griftopia an awesome read/listen. Tiabbi deftly navigates America's new age financial labyrinth to explain in layman's terms how bankers, politicians and plutocrats are literally "making" a fortune on the backs of everyday people.
Repubs, get thru the early part of the book, and you will be rewarded with how Wall Street has corrupted the commodities markets. That knowledge is golden.
Letta Mego .. fighting electric utility companies & their military-like tactics forcing wireless transmitter "smart" meters into US homes
The real truth ... not on TV.
The very best political writer + a very good narrator... I didn't know what the Tea Party was. I didn't know what Obama care was ...not really...
This book gave me some clues as to what those things are....
I've been through about 12 or so books on politics...I haven't been reading commentators ... I've been reading great authors.... I've tried to read both sides... Gosh is sad Republicans .and people in government have no defense for their horrible behaviors ( murder and robbery).....Geitner tried, and failed with his book.. Anyway, Griftopea finally has driven home all I need to know and in a way I'll remember... Still, I'll probably listen to this one many times... That says a lot for the book ..because I never listen to books more than once...
Yes, he's the best of the best political writers.
No.. The narrator was very good.
I don't think the majority of the population know what was done and what is being done in America.. The only have the time and energy to watch TV.... Who knows how long it'll be that we'll be allowed to read books like this.. Before long Amazon will dictate what is allowed to be published and how it is marketed...and so not only will the media and the internet be censored...so will books...
I wouldn't read anything by this author.
Maltese Falcon, Biography of a recent political or business figure.
narator was below average somewhat dull so I gave a 2 out of 5.
It is not that the "characters" should be cut. The author talks about events and people that are real but is so painfully biased in what he describes and his argumenst so inherently unsupported and caustic that it is like listening to finger nails on a chalk board.
I could not finish the book. It contained two elements that grated on me in the extreme.There were some occasional bits of interesting informtion, but the blow-hard demagoging and biased, unsupported arguments were insulting-- not because of their particular political leanings; but because of their weak,hole-filed contradictory logic.Also I felt like I was listeneing to a junior high kid who just learned to swear and insult people graphically for the first time and is so proud of his new "talent" that he adds new meaning to the phrase inanely inmature.If it hadn't been so caustic, I would have probably finished the book at least to understand the thinking pattern of the author, under the assumption there must be some group of people (however small), who have similar outlook, and though sequences or approach; but it was just too tedious and painful.This is the worst book I have read on Audible or elsewhere.
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