Monday, December 26, 2011

198: Griftopia by Matt Taibbi

Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History

From the Book Description:

"The financial crisis that exploded in 2008 isn't past but prologue. 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, and the crisis was only one terrifying manifestation of how they’ve hijacked America’s political and economic life.

"Matt Taibbi has combined deep sources, trailblazing reportage, and provocative analysis to create the most lucid, emotionally galvanizing account yet written of this ongoing American crisis. He offers fresh reporting on the backroom deals of the bailout; tells the story of Goldman Sachs, the 'vampire squid wrapped around the face of humanity'; and uncovers the hidden commodities bubble that transferred billions of dollars to Wall Street while creating food shortages around the world."


Why this is progressive/liberal: Matt Taibbi won the National Magazine Award in 2008 for his Rolling Stone columns and this book demonstrates the strength of his writing. Writing for RS, Taibbi has the freedom to be as profane and polemic as he wants to be as long as he keeps writing some of the smartest and best researched journalism in the US.

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

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