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

Griftopia by Matt Taibbi
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's review
Jun 27, 2011

really liked it
bookshelves: economics, non-fiction
Read from August 17 to 20, 2011

If you're read anything by Taibbi before and like his style, you'll love this.
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Quotes Ben Liked

Matt Taibbi
“The basic scam in the Internet age is pretty easy even for the financially illiterate to grasp. It was as if banks like Goldman were wrapping ribbons around watermelons, tossing them out fiftieth-story windows, and opening the phones for bids. In this game you were a winner only if you took your money out before the melon hit the pavement.”
Matt Taibbi, Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America

Matt Taibbi
“We paid for this instead of a generation of health insurance, or an alternative energy grid, or a brand-new system of roads and highways. With the $13-plus trillion we are estimated to ultimately spend on the bailouts, we could not only have bought and paid off every single sub-prime mortgage in the country (that would only have cost $1.4 trillion), we could have paid off every remaining mortgage of any kind in this country - and still have had enough money left over to buy a new house for every American who does not already have one.”
Matt Taibbi, Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America


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