By Matt Taibbi
A brilliantly illuminating and darkly comedian story of the continued monetary and political situation in America
The monetary drawback that exploded in 2008 isn’t earlier yet prologue. The grifter class—made up of the biggest gamers within the monetary and the politicians who do their bidding—has been turning out to be in energy, and the challenge was once just one terrifying manifestation of ways they’ve hijacked America’s political and monetary life.
Matt Taibbi has mixed deep assets, trailblazing reportage, and provocative research to create the main lucid, emotionally galvanizing account but written of this ongoing American obstacle. He deals clean reporting at the backroom bargains of the bailout; tells the tale of Goldman Sachs, the “vampire squid wrapped round the face of humanity”; and uncovers the hidden commodities bubble that transferred billions of bucks to Wall road whereas growing nutrition shortages round the world.
This is vital examining for somebody who desires to comprehend the labyrinthine internal workings of this state, and the profound results for us all.
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Extra resources for Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America
All but one attended college, from Stanford, the University of California, Mills, and Rutgers to Davis Agricultural College, which later became the University of California, Davis, today a major center for olive research. J. Sparks on Coon Creek. There, he also grew raisins and grain and raised livestock. Gladding was a member of the California Farm Bureau and the Farm Bureau Exchange. Through his efforts, the City of Lincoln was incorporated in 1890, and he was elected mayor. Lawyer William Alfred Hughes owned an olive orchard at Robie Point in the Auburn area.
40 Freda Ehmann is the mother of the California ripe olive industry. In the early 1890s, the Germanborn widow followed her son to California after her surgeon husband died in Quincy, Illinois, where they had moved from St. Louis. With her son in financial difficulty, she sold her home and helped pay his debts in exchange for his 20-acre Olive Hill Grove, a largely abandoned olive orchard in Marysville, Yuba County. Three years later, she had her first crop and, in 1898, incorporated the Ehmann Olive Company.
Kaspar Pischel, a renowned eye, ear, nose, and throat doctor who had recently immigrated from Austria, and the 20-years-older Frederick William Dohrmann, a German merchant who arrived in America in 1858. Pischel became a college professor and an acquaintance of early environmentalist Alice Eastwood. Dohrmann (shown here) established a business empire, including the launch of the first department store in California, The Emporium, in 1896. Also a noted civic leader, Dohrmann was head of the Merchants’ Association, a regent of the University of California, and was involved in Red Cross relief efforts during the 1906 San Francisco earthquake.
Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America by Matt Taibbi