Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History - Chapter 7: The Great American Bubble Machine Summary & Analysis

Matt Taibbi
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Chapter 7: The Great American Bubble Machine Summary and Analysis

When Matt began doing research for his first story about the financial crisis for Rolling Stone, he couldn't help be notice that everyone he interviewed genuinely detested Goldman-Sachs. Everyone viewed Goldman-Sachs as excerpts at furthering their interests through their connection with government created through their generous campaign contributions. Even though he left out some of the more scurrilous material about Goldman-Sachs, the venomous reaction to his article was swift and long-lasting. What offended Goldman and their supporters the most was calling them crooks and implying that they didn't earn their money by being smarter and better than everyone else around.

Matt's reporting indicates that Goldman-Sachs was not a company of geniuses, it was a company of criminals. Goldman-Sachs is everywhere, sucking money out of every available source. America is in crisis...

(read more from the Chapter 7: The Great American Bubble Machine Summary)

This section contains 608 words
(approx. 2 pages at 400 words per page)
Buy the Griftopia: A Story of Bankers, Politicians, and the Most Audacious Power Grab in American History Study Guide
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