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Griftopia : a story of bankers, politicians, and the most audiacious power grab in American history

Author: Matt Taibbi
Publisher: New York : Spiegel & Grau, 2011.
Edition/Format:   Print book : English : 2011 Spiegel & Grau trade pbk. edView all editions and formats
Summary:
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  Read more...
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Document Type: Book
All Authors / Contributors: Matt Taibbi
ISBN: 9780385529969 0385529961
OCLC Number: 755091081
Description: 299 pages : portrait ; 21 cm
Contents: The grifter archipelago, or, Why the Tea Party doesn't matter --
The biggest asshole in the universe --
Hot potato : the great American mortgage scam --
Blowout : the commodities bubble --
The outsourced highway : wealth funds --
The trillion-dollar band-aid : health care reform --
The great American bubble machine --
Epilogue (new for the paperback edition) : the grift goes on.
Responsibility: Matt Taibbi.

Abstract:

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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