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Forum Post: A book best read

Posted 12 years ago on Dec. 5, 2011, 10:45 a.m. EST by Jawa6306 (0)
This content is user submitted and not an official statement

I do believe a good book for everyone to read would be Griftopia by Matt Tabbi.

It is a very thorough book that goes into explicit detail about how super big banks, mortgage companies, corporate greed and bad government have all screwed over America; on purpose. It's not just a rant either. It is well laid out and descriptive and gives a clear explanation of the financial systems and how the grifters (all the forementioned) used that system and complexity to intentionally screwed people over while knowing they'd profit on it.

I found it insightful and perhaps you will too.



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[-] 2 points by pumpkin (43) 12 years ago

It sounds like a book our members should have access to. i will post the audio version, in about 3 hours- free.

activst page http://url2it.com/jsne

[-] 1 points by pumpkin (43) 12 years ago

Griftopia audio

by Matt Tabbi November 2, 2010

download, unzip, mp3's

mp3 minutes


excerpt: 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.


[-] 1 points by 1169 (204) 12 years ago

The hard core ows already know this, but yes I agree reading is a good souce of information. Only how reliable is his information?

[-] 1 points by bannonymous (6) from Milford, OH 12 years ago

Also check out the movie "Inside Job" narrated by Matt Damon. Very thorough review of the build up and collapse of our economy.

[-] 0 points by puff6962 (4052) 12 years ago

Also, "The Big Con," by Jonathan Chait

Also, "All the Devils are Here," by Bethany McClain

Also, "Freedom from Fear," by David Kennedy

And, "Duncton Wood," by William Horwood.