Griftopia : bubble machines, vampire squids, and the long con that is breaking America
(Book)

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Published:
New York : Spiegel & Grau, 2010.
Format:
Book
Edition:
1st ed.
Physical Desc:
252 pages ; 25 cm.
Status:
Hermitage - Adult Non-Fiction
973.932 T1298g
Main Library - Adult Non-Fiction
973.932 T1298g
Description
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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Status
Hermitage - Adult Non-Fiction
973.932 T1298g
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Main Library - Adult Non-Fiction
973.932 T1298g
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Language:
English
ISBN:
9780385529952 (alk. paper), 0385529953 (alk. paper)

Notes

Description
The financial crisis that exploded in 2008 only prologue. The 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 story, digging beyond the headlines to get into the deeper roots and wider implications. He traces the movement's origins to Ayn Rand and her most influential acolyte, Alan Greenspan; 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 with an inside account of the high-stakes battle for health-care reform--a battle the true reformers lost.--From publisher description.
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Citations
APA Citation (style guide)

Taibbi, M. (2010). Griftopia: bubble machines, vampire squids, and the long con that is breaking America. New York: Spiegel & Grau.

Chicago / Turabian - Author Date Citation (style guide)

Taibbi, Matt. 2010. Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America. New York: Spiegel & Grau.

Chicago / Turabian - Humanities Citation (style guide)

Taibbi, Matt, Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America. New York: Spiegel & Grau, 2010.

MLA Citation (style guide)

Taibbi, Matt. Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America. New York: Spiegel & Grau, 2010. Print.

Note! Citation formats are based on standards as of July 2010. Citations contain only title, author, edition, publisher, and year published. Citations should be used as a guideline and should be double checked for accuracy.
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437c9038-eebe-f8b2-372e-7ad269d82edc
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