“We have voters who don’t pay attention, a news media that either ignores key subjects or willfully misunderstands them, and a regulatory environment that bends easily to lobbying and campaign financing efforts. And we’re got a superpower’s worth of accumulated wealth that is still there for the taking. You put all that together, and what you get is a thieves’ paradise - a Griftopia.”
- Griftopia by Matt Taibbi
Matt Taibbi did his research and substantiates EVERYTHING in the above paragraph. This book was fascinating and TERRIFYING and felt like something everybody should read. Immediately.
The only part of it that bugged me was his low-blow physical descriptions of some of the antagonists he writes about on Wall Street. It’s petty and it undermines the very valid arguments he makes against jerks like Alan Greenspan and other banking scammers.
But don’t let that stop you. The way this book explains and undoes the mystery (at least to me) of banking regulations and money in America is the shit!