Run time: 08:39
https://www.youtube.com/watch?v=xEfYAPKTC3g
Posted on YouTube: November 12, 2010
By YouTube Member: uprisingradio
Views on YouTube: 18
Posted on DU: November 12, 2010
By DU Member: Charleston Chew
Views on DU: 503 |
Merriam-Webster's dictionary defines the word "grift" in this way: "to obtain (money) illicitly (as in a confidence game)." The title of Rolling Stone contributor Matt Taibbi's new book is then fairly straightforward, sort of: It's called Griftopia: Bubble Machines, Vampire Squids, and the Long Con that is Breaking America." Tabbi is perhaps best known as the astute, if brash, journalist who in 2009 described Goldman Sachs as "a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money." In this new book Griftopia, he analyzes the Tea Party phenomenon, Alan Greenspan's role in the financial crisis, the mortgage scam, the commodities bubble, and healthcare reform, all in his trademark colorful eloquence. The book is described by one reviewer as "the most lucid, justifiably angry description of what happened and what continues to happen to our nation's economy."