Griftopia

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

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  • 3.5 (2 ratings) ·
  • 7 Want to read
  • 2 Have read

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Last edited anonymously
January 31, 2011 | History

Griftopia

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

  • 3.5 (2 ratings) ·
  • 7 Want to read
  • 2 Have read

Starred Review Rolling Stone contributing editor Taibbi delivers a blistering examination of the upheaval that has roiled the American economic system over the past several years. At the heart of the upheaval, he says, is a vein of greed running up and down the real-estate industry, from mortgage brokers who falsified customer loan applications to banks that parceled out mortgages to second and third parties to rating agencies that signed off on highly suspect loans. Taibbi saves a good deal of venom for former Federal Reserve chairman Alan Greenspan, arguing that Greenspan’s philosophy of easy cash, limited government oversight of markets, and bailing out “too big to fail” financial institutions all fueled the recent economic meltdown. And Taibbi profiles a recently passed health-care bill severely compromised by an all-powerful insurance lobby. As critical as he is of the process—a process not likely to get fixed any time soon—he doesn’t seem to carry an agenda; instead, like any good investigative reporter, he mostly follows his nose. --Alan Moores

Publish Date
Publisher
Spiegel & Grau
Language
English

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Previews available in: English

Book Details


Edition Notes

Published in
New York, USA

ID Numbers

Open Library
OL24598895M
Internet Archive
griftopiagreatde00taib
ISBN 13
9780385529952

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History

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January 31, 2011 Edited by 201.145.109.20 Edited without comment.
January 31, 2011 Edited by 201.145.109.20 Edited without comment.
January 31, 2011 Edited by 201.145.109.20 Edited without comment.
January 31, 2011 Created by 201.145.109.20 Added new book.