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 Americana
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The financial crisis that exploded in 2008 isn't past but prologue. 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 grifter class, encompassing in this case, the network of looters who sit at the nexus of American political and economic power, secured by the grifter class - made up of the largest players in the financial industry and the politicians who do their bidding. Taibbi 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 the 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. And finally, he tells the story of Goldman Sachs, the 'vampire squid wrapped around the face of humanity.' Note on Sources. 253p.

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