bruinmark's Reviews > Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America

Griftopia by Matt Taibbi
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Mar 22, 11

Read from March 07 to 22, 2011

Matt's book is an enjoyable combination of good reporting, funny writing and righteous indignation about the corrupt plutocrats and their government enablers hijacking American democracy and capitalism.

For the most part, Matt does an effective job of explaining and untangling difficult-to-grasp stuff like credit default swaps and the fetid AIG mess, while keeping it all amusing (often by letting the f-bombs fly). The chapter in Griftopia eviscerating Alan Greenspan as a not-particularly-bright social climber is alone worth the price of the book.

Points off for the health care reform chapter, which contains misstatements and half-truths on the way to drawing all kinds of wrongheaded conclusions. And in any event, it feels wedged into the book.

But all is redeemed with a reiteration and updating of his famous "vampire squid" takedown of the Goldman Sachs criminal gang. In general, this is a pretty fun book to read considering its central topic is a global financial catastrophe.
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